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Florida reinsurance supply outpaces demand as top layer rates cut
Rates are still materially higher than pre-pandemic and lower layers are holding firmer.
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Nephila wins $300mn mandate from Florida SBA
09 May 2024
Longleaf Pine Re priced, while spreads on Everglades Re deal moved higher.
Spreads could continue widening throughout the rest of the year.
Cession ratios declined at three of the four publicly listed Floridians.
The Mexican government’s IBRD quake bond priced 4% ahead of guidance.
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