Everglades Re II Ltd Series 2015-1

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Everglades Re II termination notice filed

An optional termination notice was issued by the Everglades Re II Ltd. (Series 2015-1) catastrophe bond vehicle to its investors this week, confirming that Florida’s Citizens Property Insurance Corporation is redeeming the bond early.Artemis has seen documentation explaining that Florida Citizens has used the approval it received from its Board read the full article →

Citizens resets Everglades Re II at lower attachment point

Florida’s Citizens Property Insurance Corporation has reset its most catastrophe bond, the $300m Everglades Re II Ltd. (Series 2015-1) transaction, at a lower attachment point, reacting to the effects of depopulation of its portfolio and looking ahead to its reinsurance and risk transfer needs.One of the benefits of the variable read the full article →