KBW: Reinsurance bullishness “very much intact” with 40-60% FL increases expected

KBW’s Meyer Shields said his optimism on the reinsurance sector is “very much intact” and strong underlying fundamentals are expected to persist into 2024, as it also reported average Florida cat rates are expected to rise 40 to 60 percent while casualty cedes are trending down following meetings with executives in Bermuda.