Florida's State Board of Administration (SBA) has approved the state's cat fund and its broker Aon Benfield to go ahead with a $1bn risk transfer to the private reinsurance market at prices that are heading to "historic lows".
Florida's State Board of Administration (SBA) has approved the state's cat fund and its broker Aon Benfield to go ahead with a $1bn risk transfer to the private reinsurance market at prices that are heading to "historic lows".