re: When does our state bribe to insurance companies kick in?

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You obviously not a clue as to how the re-insurers actually operate apparently. There is no governing board that they have to adhere to rate wise.

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Considering I’ve been going to the Rendez-Vous de Septembre in Monte Carlo and to the Baden Baden Reinsurance Meeting for many more years than you’ve probably been alive, have actively set up more captive insurance companies with reinsurance treaties than you probably even know exist, and probably handle more facultative reinsurance contracts on a weekly basis than you see new business, so forgive me if I disagree with your myopic views.

So let me reiterate again, if one of your carriers has a reinsurance expense that approaches an alleged 90% of their net retained premiums, then either there is something absolutely wrong with their rating structure, they have an abysmal loss record, are financially inept, or your underwriter is simply misstating facts to you.