Fed Nat renews $2.2bn reinsurance programme

Florida homeowners' insurer Federated National renewed its
$2.19bn reinsurance programme along similar lines to the 2016 cover
for a total outlay of $180mn, according to a Securities and
Exchange Commission filing.
This year's cover provides $2.19bn of aggregate limit, which
is down slightly from the $2.22bn secured last year, with the
overall spend up from $179.5mn.
The expenditure included $125mn on private reinsurance for its
Florida exposure and $53.1mn payable to the Florida Hurricane
Catas