FedNat Q4 hit by cat losses, CGL strengthening and Maison goodwill impairment

FedNat Holding Company – which is currently conducting a strategic review of its business – has revealed its Q4 results will be hit by $31.1mn of catastrophe losses, a $16.5mn reserve charge on its discontinued general liability book and an $11.0mn impairment charge related to it Maison business, for which the Florida-based carrier has also purchased additional reinsurance.