(b) The Company is announcing that Erick A. Fernandez, the Interim Chief Financial Officer of Federated National Holding Company (the “Company”) since June 2016, will be assuming the title of Chief Accounting Officer beginning April 17, 2017, concurrently with Ronald Jordan joining the Company as its Chief Financial Officer, as described below.

(c) The Company is announcing that, beginning April 17, 2017, Ronald A. Jordan will assume the position of Chief Financial Officer of the Company. Mr. Jordan, age 49, brings to the Company more than 25 years’ experience in accounting and financial reporting, including most recently as Chief Accounting Officer of Hatteras Financial Corp. (NYSE: HTS), a mortgage real estate investment trust based in Winston-Salem, North Carolina, from 2013 to 2016. Prior to that position, Mr. Jordan held various positions at Lincoln Financial Group from 2003 to 2012, including Senior Vice President, Financial Planning and Strategic Initiatives, from 2011 to 2012, Vice President and General Auditor from 2006 to 2011, and Vice President and Controller from 2003 to 2006. From 1996 to 2003, Mr. Jordan held positions in financial reporting and accounting at Bankers Life & Casualty, CNA Insurance, and Jefferson Pilot Corporation. Mr. Jordan was a staff auditor and manager at Arthur Andersen, LLP from 1989 to 1996. Mr. Jordan is a Certified Public Accountant and Certified Internal Auditor, and received his Bachelor of Business Administration degree in accounting, with high distinction, from the University of Michigan. There are no family relationships between Mr. Jordan and any director, executive officer, or any person nominated or chosen by the Company to become a director or executive officer. Mr. Jordan will receive an annual base salary of $275,000, relocation reimbursement of $100,000, and a grant of 10,000 shares of restricted stock to be vested over five years. He will also be entitled to receive an annual bonus, which may be payable in stock and cash, with a target of 50% of his base salary and a maximum range of 50% of his base salary that will be subject to performance criteria. Mr. Jordan will be subject to the Company’s standard restrictive covenants applicable to its executive officers and will be entitled to receive other benefits consistent with the other members of the Company’s management team.

About FEDERATED NATIONAL HOLDING COMPANY (NASDAQ:FNHC)

Federated National Holding Company (FNHC) is an insurance holding company that controls all steps in the insurance underwriting, distribution and claims processes through its subsidiaries and its contractual relationships with its independent agents and general agents. The Company is authorized to underwrite homeowners’ multi-peril (homeowners), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states. The Company markets, distributes and services its own and third-party insurers’ products and its other services through a network of independent agents. The Company’s insurance lines of business include Homeowners’ Property and Casualty Insurance, Commercial General Liability, Personal Automobile and Flood. FNIC and MNIC underwrite homeowners’ insurance in Florida, and FNIC underwrites insurance in Alabama, Louisiana and South Carolina. Alabama and Louisiana.

FEDERATED NATIONAL HOLDING COMPANY (NASDAQ:FNHC) Recent Trading Information

FEDERATED NATIONAL HOLDING COMPANY (NASDAQ:FNHC) closed its last trading session down -0.02 at 16.65 with 106,243 shares trading hands.