shutterstock_110564096

15 July 2024Reinsurance

Florida’s Citizens trims 2024 reinsurance, claims ca 8% unit cost cut

Florida’s insurer of last resort Citizens skimped at the mid-year reinsurance renewals, taking a mere $3.56 billion in limit for $482 million in costs, well below the initially targeted $5.5 billion in limit for which it had pencilled in a budget of $750 million.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Soft market sparks 10% surge in US property cat demand mid-year: Aon

1 July 2026 Cedants reinvested savings into bigger towers, aggregate and proportional cover.

Reinsurers blink first mid-year, accelerate the property softening

1 July 2026 Gallagher Re puts some rate cuts to 25%, says per-risk treaty joined the softening.

VIG Re secures Singapore approval to advance Asia Pacific expansion

1 July 2026 Office supports regional growth under the reinsurer’s VIGRe28 strategy.

More articles

Soft market sparks 10% surge in US property cat demand mid-year: Aon

Casualty capacity grew mid-year, left US laggards behind: Gallagher

Canopius strengthens APAC financial lines team with Allianz hire

Reinsurers blink first mid-year, accelerate the property softening

VIG Re secures Singapore approval to advance Asia Pacific expansion

FERMA affirms role as the ‘community hub for European risk managers’

Lemonade retains more premium, expands cat cover at 1/7 renewal

Gallagher pushes European growth with carrier management role

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze