Nephila in second Citizens takeout

Nephila Capital has received approval for a second round of
takeouts from Florida's Citizens Property Insurance through its
relationship with fronting carrier State National.
In a statement on 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 covers the 21 June take-out period and will remove
the policies from the state-b