FedNat parts ways with CFO as losses loom; wants to become ‘much smaller’

18-05-2022

FedNat parts ways with CFO as losses loom; wants to become ‘much smaller’

FedNat Holding Company has replaced its chief financial officer (CFO) amid efforts to reduce its scale and refocus on Florida business in a move to reduce volatility and regain its financial stability. The troubled Florida headquartered primary insurance carrier recently lost its ‘A’ rating and plunged to a higher loss than seen in the previous year quarter, prompting a strategic action plan to become “much smaller”.


FedNat, Resignation, Appointment, Losses, A Rating, Ronald Jordan, Erick Fernandez, North America, Insurance, Reinsurance

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