FedNat Holding Co., formerly known as Federated National Holding Co., has rebranded its largest insurance subsidiary to FedNat Insurance Company (FNIC).
FedNat was founded in Florida in 1992 and through its wholly owned subsidiaries, is authorized to underwrite and/or place homeowners multi-peril, federal flood and other lines of insurance in Florida and underwrites homeowners’ and dwelling fire policies in Alabama, Louisiana, South Carolina and Texas through its partnership with SageSure Insurance Managers. It markets, distributes and services its own and third-party insurers’ products and other services through a network of independent and general agents.
FNIC, formerly known as Federated National Insurance Co., changed its name after recently receiving approval from the Florida Office of Insurance Regulation (OIR). FNIC, with operations in several coastal states, has filed notice of the name change for processing with the insurance departments in the additional states where it serves policyholders.
According to Michael H. Braun, CEO and president, the name change will match the company’s branding initiative which includes aligning its holding company, largest insurance company and managing general agency with the same FedNat name that is already known to its partner agents and staff.
The company received approval to change its name at its most recent annual meeting of shareholders.
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