Southern Fidelity’s reinsurance failure impacted by 2021 loss handling
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Southern Fidelity’s reinsurance failure impacted by 2021 loss handling

Fiona Robertson
22 June 2022
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Southern Fidelity faced a walkout from its reinsurers in part due to the HSCM-backed insurer’s treatment of claims from two 2021 hurricanes, Ida and Nicholas, sources told this publication.

The two storms struck within weeks of each other last year – Ida hit Louisiana on 29 August and Nicholas hit Texas on 15 September before weakening to a depression as it crossed into Louisiana.

The

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News Claims and losses Reinsurers
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