Maison fell to $41mn 9M operating loss on Ida and Uri woes

FedNat’s Maison subsidiary has revealed the extent of the difficulties that led its parent to put it into run-off as its capital and surplus halved from $39.3mn to $19.3mn in the first nine months of the year on the back of a $38.2mn net loss driven by a net underwriting loss of $41.7mn for the period.