The State Board of Administration of Florida (SBA) is soliciting competitive responses from parties interested in offering administrative services and actuarial consulting services to the Florida Hurricane Catastrophe Fund (FHCF). The Invitation to Negotiate (ITN) will be available on October 27, 2017, and may be obtained from the FHCF website at www.sbafla.com/fhcf under “Announcements.” The deadline for submitting responses is 2:00 p.m. ET on November 21, 2017. The SBA reserves the right to reject any or all competitive responses and to cancel any ITNs.
The Florida Hurricane Catastrophe Fund (FHCF) is a state trust fund under the direction of the State Board of Administration of Florida (SBA). The SBA is a constitutional entity of Florida state government that provides a variety of investment services to various governmental entities, one of those being the FHCF. The Board of Trustees, comprised of the Governor, the Chief Financial Officer, and t...he Attorney General, governs the SBA. The purpose of the FHCF is to protect and to advance the State's interest in maintaining insurance capacity in Florida by providing reimbursements to insurers for a portion of their catastrophic hurricane losses.