124: (Re)constructing a healthy Florida reinsurance market - Artemis ILS NYC 2023 Session 3

This was the third session of the day at our Artemis ILS NYC 2023 conference, held in New York on February 10th 2023.  This conference was Artemis' largest insurance-linked securities (ILS) event to-date, with over 390 registered attendees enjoying a wide-range of insightful speaking sessions and networking opportunities throughout the day.  Attendees came from around the world to hear thought-provoking discussions from insurance-linked securities (ILS) market leaders, all under the theme of "(Re)construction & Renewal(s)."  This third podcast from our ILS NYC 2023 conference features a panel discussion focused on the Florida insurance and reinsurance market, challenges that must be overcome, as well as the ILS industry perspective on that, titled: (Re)constructing a healthy market.  The panel discussion was moderated by Judith Klugman, Global Head of ILS Distribution, Swiss Re Capital Markets.  She was joined by: Jennifer Montero, Chief Financial Officer, Citizens Property Insurance Corporation; Michael Stahel, Partner/Portfolio Manager, LGT ILS Partners Ltd.; Adam Schwebach, EVP, Tampa Branch Manager, Gallagher Re.  The discussion was wide-ranging around some of the challenges faced in Florida, the work that is being undertaken both legislatively and at re/insurers to improve the situation, as well as the appetite of reinsurance and ILS capital to be deployed in the state and what else might help to encourage more risk capital back to Florida.  The panellists discussed some of the challenges this side of the market has faced in recent years, while also highlighting steps that have been taken to help in rebuilding investor confidence and also looked ahead to the prospects for a return to growth.  Listen to the full podcast audio of this Florida insurance, reinsurance and ILS focused panel discussion, for more insights into that important peak peril region, the prospects for improvement there and what else might need to change to attract more capacity back to Florida.

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