Nephila and MS Amlin scale back FHCF lines

Nephila and MS Amlin both slashed their lines on the $1bn
Florida Hurricane Catastrophe Fund (FHCF) reinsurance programme
when it renewed at 1 June.
The FHCF has revealed full details of the programme it has lined
up for 2016, which will put the state-backed reinsurer in its
strongest ever financial position with $17bn available to pay
claims.
The make-up of its reinsurance panel looked largely similar to
its inaugural placement in 2015, but there were some notable
changes.
For the...