Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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FedNat elects to keep FHCF cover stable

12 March 2018

Federated National Holding Company subsidiaries Federated National and Monarch National have purchased protection from the Florida Hurricane Catastrophe Fund (FHCF) for the next hurricane season at the same level as last year, according to an SEC filing.

FedNat paid $46.5mn for $700.5mn of aggregate seasonal protection - 75 percent of $934.0mn which will provide cover for qualifying losses in excess of approximately $297.0mn, the filing said.

Monarch National has paid $1.6mn for $24.3mn - 75 percent of $32.4mn of aggregate...

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