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The insurer kept its participation in the state reinsurance scheme stable at 45 percent.
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Heritage, UPC and Florida Peninsula are among the major carriers to request more cover from the state reinsurance scheme.
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The House bill targeting insurance assignment of benefits has a wider remit than a similar Senate version.
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David Unsworth has previously worked at JLT Re and Guy Carpenter.
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The insurer posted a net loss of $9.3mn for Q4 2018.
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The ratings company said Floridian insurer ratings would be under threat from hardening property catastrophe rates.
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The deal will be financed through cash and the issuance of FedNat shares.
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Anyone scanning the news stories we have covered in the past week might get a sense of déjà vu.
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Zuk brings over 15 years of experience to the MD role.
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Florida Specialty, which has ceded 100 percent of its risk to Sirus America Insurance Company, was among those affirmed.
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Florida insurers can benefit from outsourcing risk to reinsurers, but their ability to absorb excess losses from major hurricanes is a risk factor.
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Hurricane Michael generated a larger loss for the carrier than 2017’s Irma.