Cat losses in Q1 wipe $18.3mn off FedNat results
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Cat losses in Q1 wipe $18.3mn off FedNat results

Fiona Robertson
April 27, 2021
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FedNat said it would take $18.3mn of pre-tax net catastrophe losses in the first quarter after returning to the reinsurance market to buy further back-up covers following Winter Storm Uri.

On a post-tax basis the figure comes to $14.5mn. Aside from Uri, it took $4.6mn of other catastrophe losses.

FedNat

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Topics

FedNat News Claims and losses Earnings
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Fiona Robertson
Editor, Insurance Insider
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