Reinsurance Rates for U.S. & Florida NatCat Policies: 2023 Renewal Trends
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July renewal date, with states such as California and Florida increasingly hit
Reinsurance Sector, or insurance for insurers, is the practice of risk-transfer and risk-sharing between and amongst insurance companies. Treaty resinsurance involves one insurer buying broad coverage from a dedicated reinsurance issuer that covers all of the insured company’s policies.
For example, an insurance company might insure commercial property risks with policy limits up to $10 million, and then buy per risk reinsurance of $5 million in excess of $5 million. In this case a loss of $6 million on that policy will result in the recovery of $1 million from the reinsurer.
In this section, we have collected the most current articles and reviews on the topic of the Reinsurance Sector.