When reinsurance capacity becomes scarce, or less available, as has been seen in Florida and at the mid-year renewals, capacity becomes “King” and those with availability of it are no doubt very popular.
Aon’s Reinsurance Solutions described the mid-year renewal dynamics very well in a recent report, saying that capacity is King in Florida, while overall reinsurance has now become a ‘precious’ commodity.
One of the major focuses for brokers and their cedents during the June and July reinsurance renewals was to secure the required capacity they needed, in some cases the minimum being enough.
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