RenRe and Swiss lead FHCF programme

The $1bn Florida Hurricane Catastrophe Fund (FHCF) reinsurance
programme, which begins paying out when industry losses to Florida
insurers reach $18.5bn, is dominated by RenaissanceRe and Swiss Re.
As Hurricane Irma approaches the state, the FHCF's programme
will be one of the most publicly visible sources of potential
reinsurance losses.
Florida insurers must buy some reinsurance from the state-backed
scheme, which begins paying out when industry losses reach $7bn. It
exhausts once its $17bn st