Breaking News: Florida Reinsurance Renewals Reflect Unsettled Market

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June 3, 2011 Breaking News Alert Florida Reinsurance Renewals Reflect Unsettled Market: Guy Carpenter Read the full story The Florida reinsurance renewals on June 1, 2011, experienced a wide range of outcomes, as substantial catastrophe losses combined with two major catastrophe model revisions over the past 16 months led to a volatile renewal season, according to reinsurance specialist Guy Carpenter & Co. In a new report, Guy Carpenter estimates that 2011 reinsurance sector losses are already more than double 2011 reinsurer natural catastrophe budgets. Nonetheless, the industry remains adequately capitalized at the start of the 2011 hurricane season, due partly to strong capital growth in 2010, according to the report. Read the full story Send to a Friend Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2011 by Wells Publishing, Inc.