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NOAA predicts ‘above normal’ hurricane activity in latest forecast
The outlook calls for an 85% chance of an above-normal season.
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ILS share of hard-market 2023 Florida renewal held stable with cat bond growth
Traditional reinsurers such as Berkshire Hathaway and Arch pushed for more share, our annual study of Florida cessions shows.
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Florida Citizens' Everglades Re bond priced up by 6% across three tranches.
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.
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