Citrus Re Ltd

Heritage Insurance Holdings, Inc., the nationally expansive and Florida headquartered property and casualty insurer, has now secured its target for $100 million in collateralized US named storm reinsurance from a new Citrus Re Ltd. (Series 2024-1) catastrophe bond issuance.

In what could be considered a positive development in a catastrophe bond market that has seen pricing softening, the latest catastrophe bond from Heritage Insurance Holdings, Inc. looks set to be priced within its initial guidance, while the target remains for $100 million in collateralized US named storm reinsurance from the Citrus Re Ltd. (Series […]

Heritage Insurance Holdings, Inc., the nationally expansive and Florida headquartered property and casualty insurer, is back in the catastrophe bond market and seeking $100 million or more in collateralized US named storm reinsurance from a Citrus Re Ltd. (Series 2024-1) issuance.

With mid-year reinsurance renewals done, Ernie Garateix, CEO of Heritage Insurance Holdings, said recently that the new Citrus Re catastrophe bond his company has sponsored will be complementary to its renewed program.

Heritage Insurance Holdings, Inc. has now priced its latest catastrophe bond, securing the upsized target of $235 million of reinsurance protection from the Citrus Re Ltd. (Series 2023-1)  named storm deal.

Heritage Insurance Holdings, Inc. is looking to expand its new catastrophe bond, with the target for the Citrus Re Ltd. (Series 2023-1)  deal now lifted to as much as $235 million.

Nationally expansive and Florida headquartered property and casualty insurer Heritage Insurance Holdings, Inc. has returned to the catastrophe bond market with a Citrus Re Ltd. (Series 2023-1)  deal, seeking $180 million or more in named storm reinsurance protection from the capital markets.

Florida headquartered, nationally expansive U.S. property casualty insurer, Heritage Insurance Holdings, Inc., has said that it expects its hurricane Ian losses will fall within the second-layer of its reinsurance tower, which covers it up to $960 million of losses.

Heritage Insurance Holdings, Inc., the Florida headquartered but nationally expansive property and casualty insurer, has reported the full placement of its reinsurance program for 2022, which includes the company’s first catastrophe bond transaction since 2017.

Florida headquartered but nationally expansive property and casualty insurer Heritage Insurance Holdings, Inc. has now secured its new Citrus Re Ltd. (Series 2022-1) catastrophe bond at the original $100 million size, but with pricing now fixed above the initial guidance range.