FedNat reinsurers pick up $562mn of Q3 cat losses
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FedNat reinsurers pick up $562mn of Q3 cat losses

FedNat Insurance logo Fort Lauderdale Florida.jpg

FedNat transferred $562mn of its $599mn gross catastrophe losses to reinsurers in the third quarter, company executives said on an earnings call.

The bulk of the gross losses - $575mn - stemmed from Hurricane Ida, and the vast majority of its reinsurance recoveries were linked to its excess of loss reinsurance treaties.


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