Citizens

We’ve heard some very interesting news this morning from a contact; Florida’s Citizens Property Insurance, the state backed property insurer of last resort, is said to be bringing its first catastrophe bond to market through an entity called Everglades Re Ltd. We’ve been waiting for a Florida Citizens cat bond to appear since January when […]

Citizens Property Insurance, the state backed property insurer of last resort in Florida, is planning to increase its use of the private reinsurance markets in 2012 by increasing the amount of reinsurance cover it purchases and also issuing what we believe would be their first catastrophe bond.

Citizens Property Insurance, the state backed property insurer of last resort in Florida, has said that it plans to take out some reinsurance from the private market this year. The last time Citizens accessed the private reinsurance market was two years ago as they have tended to rely on a cheaper source of reinsurance from […]