Florida Citizens

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42% of Florida Citizens renewal is collateralized markets & ILS funds

A whopping 42% of the limit placed for Florida's Citizens Property Insurance Corporation's reinsurance renewal was sourced from collateralized markets and insurance-linked securities (ILS) fund managers, as third-party capital continued to grow its share of the shrinking program.Florida Citizens purchased just slightly under $1.03 billion of reinsurance limit in its read the full article →

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 →