Berkshire Hathaway absent, Bermuda & collateralised reinsurers dominate Florida Citizens renewal
After taking a $1 billion slice in 2023, it’s notable that Berkshire Hathaway did not participate in Florida Citizens Property Insurance Corporation’s 2024 catastrophe reinsurance renewal, which was dominated by Bermuda-based and collateralised reinsurers. As we reported previously, Florida’s property insurer of last resort secured a cost-effective risk transfer program of approximately $3.564 billion at […]