FedNat ups agg reinsurance cover for 2021-2022 at “more restrictive terms”
FedNat has placed its 2021-2022 excess-of-loss catastrophe reinsurance program, which provides $1.41bn of single-event reinsurance coverage and up to $2.25bn of aggregate coverage at a total cost of $287.7mn, with the Florida-based insurer noting the “more restrictive terms” on offer from reinsurers.