JLT Re: Florida reinsurance pricing down 3.1% at 1 June

The pace of reinsurance rate cuts slowed further at the 1 June
renewals, providing further evidence that property catastrophe
reinsurance pricing is stabilising, according to JLT Re.
JLT Re's risk-adjusted Florida property catastrophe rate
on-line index fell by 3.1 percent at 1 June this year, which
compares to reductions of 8.5 percent at 1 June 2015 and 17.1
percent in 2014.
The figures reaffirm that property cat pricing is gradually
beginning to stabilise, a trend that first emerged at the...