Insight and Intelligence on the London & International Insurance Markets

4 February 2012

$5bn reinsurance available to Florida cat fund

10 March 2009

A panel of brokers has advised the Florida Hurricane Catastrophe Fund (FHCF) that there is up to $5bn of reinsurance capacity available in the private market to shore up its defences in the face of a growing funding crisis, The Insurance Insider can reveal.

The recommendation comes as reinsurers await the outcome of a key meeting of the Florida State Board of Administration (FSBA) to determine whether the fund will go out and buy reinsurance or other financial products for...

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