US cat buyers benefit as soft market deepens

Underwriters are surveying the damage of a 1 June property cat
renewal that was significantly more competitive than initially
expected, with buyers securing better terms than they might have
hoped for.
Year-on-year comparisons are challenging because of shifts in
underlying portfolios - both inside and outside Florida - as well
as cat model changes and programme restructuring.
There has also continued to be mixed experience depending on the
perceived quality of the cedant, and that has meant the