The Florida State Board of Administration (SBA) has advised the state's cat fund to return to the private reinsurance market as it considers transferring $1bn of exposure for the 2016 hurricane season.
High-profile reinsurance buyer Samir Shah has become the latest AIG executive to be culled as the insurer executes its global cost-cutting and reorganisation programme, our sister publication The Insurance Insider revealed today (20 November).
