Berkshire Hathaway writes ~$400mn line on Floridian carrier HCI’s reinsurance treaty
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Berkshire Hathaway writes ~$400mn line on Floridian carrier HCI’s reinsurance treaty

Berkshire Hathaway HCI logo tampa florida.jpg

Berkshire Hathaway entities wrote a large, roughly $400mn reinsurance deal for Florida insurer Homeowners’ Choice (HCI Group) as part of this year’s June renewal, according to sources.

This comes as many reinsurers are heavily restricting their appetite in Florida, especially for lower-attaching reinsurance covers, creating a major capacity crunch at this year’s renewals.

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