Tightening of the reinsurance market expected - MMC
A further tightening of the market is anticipated as the Florida property-catastrophe reinsurance renewal comes to a close at June 1, with rates expected to be slightly higher than the 13-to-14% increase experienced at April 1, a panel of experts from Marsh & McLennan have said.
Kevin Stokes, a senior executive at Guy Carpenter and head of its Florida Operating Committee also remarked on the fine balance between supply and demand, noting: "Capital constraints have led toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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