Fitch has affirmed the AA rating of state-run (re)insurer the Florida Hurricane Catastrophe Fund (FHCF)'s debt just as Citizens, the Floridian insurer-of-last-resort, has turned to the alternative (re)insurance market for $750mn of cat bond cover.
Fitch has affirmed the AA rating of state-run (re)insurer the Florida Hurricane Catastrophe Fund (FHCF)'s debt just as Citizens, the Floridian insurer-of-last-resort, has turned to the alternative (re)insurance market for $750mn of cat bond cover.