June 1st, 2010

Chart: Historical Risk Adjusted Reinsurance Rates in Florida

Posted at 12:57 AM ET

june-1-3The overall effect of this year’s renewal process was a shift in pricing back to roughly 2008 levels. The layers exhausting at the highest return periods ended slightly better than in 2008. As indicated in the chart, pricing since 2007 has remained in a very stable band. Even with the significant global economic turmoil of 2009, enough capacity was available to keep pricing within an expected range,unlike the pricing implications of 2006 coming off of multiple unprecedented hurricane losses in 2004 and 2005.

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