FHCF considers repeat of $1bn reinsurance placement

The Florida State Board of Administration (SBA) has recommended the
state's cat fund should return to the private reinsurance
market to buy $1bn of limit for the 2016 hurricane season.
At a Florida cabinet meeting earlier this week (29 March) the
SBA presented a series of risk transfer options to offload exposure
to the private market despite the state-backed cat fund being in
its best ever financial position ahead of the upcoming hurricane
season.
The recommended option was for a...