Allstate Florida FOTs reissued at 10-15% lower pricing in oversubscribed renewal
Allstate and its broker Aon returned to the market late in the renewal with a new set of firm order terms (FOT) for its Florida carrier at pricing 10 to 15 percent lower than previously indicated after initial FOTs were oversubscribed for a placement that was seeking reduced traditional limit as it upsized a cat bond issue, The Insurer can reveal.