The Florida State Board of Administration is preparing to solicit proposals from qualified vendors to provide the Florida Hurricane Catastrophe Fund with investment banking services, bank liquidity and credit support services, reinsurance intermediary services, as well as bond, tax, and disclosure counsel services.
Copies of the documents for each position are available today at the Cat Fund’s Web site at www.sbafla.com/fhcf under “Announcements.” Anyone who cannot download the information can contact Donna Sirmons at email@example.com or 850-413-1349 for assistance.
Questions concerning the proposals must be sent to the above e-mail address by 1 p.m. Eastern Daylight Time on April 15. Responses to questions will be available on the Web site by April 17. The deadline for responses to the proposals is 1 p.m. April 28, 2008.
The Cat Fund is a nonprofit, tax-exempt entity operated by the state to provide reinsurance to private property insurers as well as to the state-run Citizens Property Insurance Corp. The Cat Fund can issue tax-exempt debt to pay claims. It also has a program that is designed to provide liquidity should it need quick access to cash to pay claims.