Trading Risk July-August 2018
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Florida Citizens turned to the ILS market for a third of its traditional reinsurance cover for the 2018-19 programme, down from 38 percent in 2017.
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People moves in the ILS market
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Retro purchasing rose modestly at the mid-year renewals, but this did not prevent rate increases from slowing, sources said.
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ILS managers were offering larger line sizes and seeking to compete more often on reinstateable layers in the Florida June renewal, Willis Re observed in its mid-year 1st View report.