HSCM put $200mn into Southern Fidelity prior to failure

Published: Fri 17 Jun 2022

Southern Fidelity became the latest Florida-based homeowners carrier to go under as deteriorating Louisiana Ida losses pushed it to insolvency, despite Hudson Structured Capital Management (HSCM) injecting more than $200mn of capital since its late 2020 acquisition and significant steps taken to improve the book through rate increases and portfolio repositioning.