Ratings agency Demotech has affirmed the A financial stability rating of Florida Specialty following the carrier's loss portfolio transfer deal with Sirius America Insurance Company.
Willis Re said global catastrophe pricing was broadly flat in an "uncontentious" April renewal, as it noted a dramatic change to the reinsurance landscape as primary carriers re-entered the market through M&A deals.
Florida homeowners' insurer Federated National has renewed its reinsurance programme with $2.19bn of aggregate limit, down slightly from the $2.22bn secured last year, according to a Securities and Exchange Commission filing.
