RenRe eyes US property margin expansion but unlikely to grow FL book

Kevin O’Donnell – RenaissanceRe

RenaissanceRe is seeing double-digit rate increases in advance of the mid-year renewals that will allow it to expand margin on its portfolio without assuming more risk, but is unlikely to reverse its recent Florida retrenchment because of social inflation and structural issues in the state, according to CEO Kevin O’Donnell.

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