Florida’s Security First gets cat program placed early with less than 20% cost increase
Security First was able to place just over $725mn of excess-of-loss (XoL) cat cover for slightly less than a 1 in 200 year event at a cost increase of less than 20 percent without having to use its newly formed captive as it was instead able to upsize its quota share amid strong support from reinsurers, The Insurer can reveal.
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