The Conning Commentary Extract: April 2024

The Conning Commentary Extract
Survey of U.S. Insurers
Reciprocal Exchanges

The Florida homeowners insurance market has experienced an influx of new insurers, specifically insurers structured as reciprocal exchanges. These new entrants, with a total of $1.7 billion in capital, represent true startups sponsored by third party capital, as well as offshoots of existing insurers. The offshoots were formed both to take out policies from Citizens Property (the Florida homeowners market of last resort) as well as to renew existing policies from affiliates. Read this excerpt from the April edition of the Conning Commentary to learn more.


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April 2024