Maison set to pay more for reinsurance

Louisiana and Texas homeowners' insurer Maison Insurance
said it expects the cost of its reinsurance placement to increase
12.9 percent year-on-year.
The cost of its reinsurance rose from $21.7mn in treaty year
2016-2017 to an estimated $24.5mn this year, parent company 1347
Property Holdings (PIH) said in Securities and Exchange Commission
filing.
In line with last year, $170mn of coverage was purchased in
excess of $5mn retention per occurrence on its core cat cover, the
Tampa, Florida-based c