FedNat 2019 results hit by cat losses, adverse reserve development


US insurer FedNat Holding's performance in 2019 was significantly impacted by higher catastrophe losses, adverse loss experience and higher reinsurance costs in the second half of the year. The company's CEO believes that its non-Florida growth opportunities will position FedNat to improve financial performance in 2020.

FedNat, 2019 results, Cat Loss, Insurance, Reinsurance, Michael Braun, North America

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