Nephila approved for second Citizens take-out

Nephila Capital has undertaken a second take-out of policies from
Florida Citizens through its relationship with fronting carrier
State National.
In a statement today (1 April), the Florida Office of Insurance
Regulation (Floir) said State National subsidiary National
Specialty Insurance Company had been approved to remove up to
19,535 personal residential policies from Citizens.
The approval is for the 21 June, 2016 take-out period and will
depopulate the policies from the state-backed insurer'