Florida placements hit reinsurance market early

A number of Florida cat programmes are already out with firm
order terms (FOTs) as buyers look to secure capacity early amid
turmoil in the state's homeowners' insurance market.According to sources, parts of the proposed placements for
2017-18 cat covers sought by Federated National and Homeowners
Choice came to the reinsurance market with FOTs last week.It is thought that the Federated National cover brought to
market by broker Aon Benfield is a Florida Hurricane Catastrophe
Fund (FHCF) replace