June 1st, 2010

Chart: Florida Market Quoting Behavior

Posted at 12:59 AM ET

june-1-1

Consistently in 2010, capacity has returned in abundance, counterbalancing the direct impact last year’s scarce capital had on pricing. In addition, reinsurers writing Florida business tend to view metrics for this exposure within a very narrow band, much more so than other catastrophe exposed regions. Variation in average quotes ranged from declines of 3 percent to increases of 3 percent, which is similar to what we saw for Florida renewals in 2009. This is a much tighter spread than that observed at both January 1 and April 1, 2010.

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