June 2nd, 2011

Florida Reinsurance Renewal June 1, 2011: Figure 2: 2011 Florida Renewal Reinsurer Quoting Behavior - Quoting Range of Down 15 Percent to Up 16 Percent

Posted at 7:58 AM ET

Figure 2: 2011 Florida Renewal Reinsurer Quoting Behavior - Quoting Range of Down 15 Percent to Up 16 Percent

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The analysis of quotes on individual Florida programs received in 2011 reveals that the range has increased five-fold versus the past two years, from 15 percent below the average to up to 16 percent above the average (Figure 2). This quoting volatility does not specifically indicate increasing or decreasing pricing; it simply illustrates how far from the average many individual reinsurers were, highlighting the divergent views regarding the calculation of an adequate price.

Source: Guy Carpenter & Company, LLC

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