Florida insurers 'will need capital post-Irma'

Florida domestic insurers will need to raise capital following
Irma, which will result in a range of outcomes at the June
renewals, according to an expert panel at the Trading
Risk New York Rendez-Vous last week.
"Every company is in a position where they have lost
primary capital," said Citizens CEO Barry Gilway.
UPC Insurance CFO Brad Martz said that rising reinsurance costs
could be an issue for smaller carriers but added that "the
strong will get stronger".
Martz said...