21st Century pays 5% more for private Florida reinsurance
21st Century Holding Company has paid a modest 5.3 percent increase
in premium for the private reinsurance element of the cat cover
bought by its Floridian subsidiary Federated National Insurance
Company.
Although the insurer tweaked the structure of its overall 2012
programme, the price paid for its cover is further evidence of the
muted Florida market for property cat reinsurance writers at 1
June.
The 2012 programme includes traditional excess of loss cover, an
industry loss warranty (ILW) and prepaid...
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