Florida's State Board of Administration (SBA) said it had renewed a $1bn reinsurance programme covering the Florida Hurricane Catastrophe Fund (FHCF) at a 4 percent face-value discount to last year's rate.
Florida's State Board of Administration (SBA) said it had renewed a $1bn reinsurance programme covering the Florida Hurricane Catastrophe Fund (FHCF) at a 4 percent face-value discount to last year's rate.