FedNat confirms ex-Florida tower and says expects less reinsurance spend in ‘21

The CEO of Florida-based FedNat Holding Company expects his company to spend less on reinsurance this year as a result of splitting its catastrophe tower, in a move first revealed by The Insurer yesterday, while the insurer’s share price fell 9 percent on Wednesday as a strategic committee explores options to strengthen its capital position.

 

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      Florida
      Federated National Holding
      Property reinsurance