Brief: Fednat Holding Co Says Terminated 80% Quota-Share Reinsurance Treaty With Sagesure Anchor Re Inc On Cut-Off Basis

Fednat Holding Co

26/04/2021 22:36

April 26 (Reuters) - Fednat Holding Co  FNHC.O :
    * FEDNAT HOLDING CO - TERMINATED 80% QUOTA-SHARE REINSURANCE
TREATY WITH SAGESURE ANCHOR RE INC ON CUT-OFF BASIS
    * FEDNAT HOLDING CO - ENTERED INTO A NEW 80% QUOTA-SHARE
TREATY
WITH ANCHOR RE ON AN IN-FORCE, NEW AND RENEWAL BASIS
    * FEDNAT HOLDING CO - FEBRUARY 2021 TREATY INCLUDES A LIMIT
ON THE
OVERALL NET LOSS THAT ANCHOR RE CAN REALIZE DURING THE TREATY
TERM
    * FEDNAT HOLDING CO -  CEDED ANCHOR RE’S SHARE OF NET LOSSES
FROM
WINTER STORM URI ON FNIC’S NON-FLORIDA BOOK OF BUSINESS INTO THE
FEBRUARY 2021 TREATY
    * FEDNAT HOLDING CO -  ESTIMATES FEBRUARY 2021 TREATY
INCLUDES
CAPACITY TO CEDE ABOUT $36 MILLION OF CATASTROPHE LOSSES OVER
FULL TREATY TERM

Source: [https://bit.ly/3sSXCN3]
Further company coverage:  FNHC.O 

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