Citrus Re Ltd

Heritage Insurance Holdings, Inc., the nationally expansive, Florida headquartered property and casualty insurer, has finalised its reinsurance renewal by securing almost $2.5 billion of limit, up 13% on the $2.194 billion renewed a year ago, while paying just $8 million more for that.

Heritage Insurance Holdings, Inc., the nationally expansive, Florida headquartered property and casualty insurer, has now secured its targeted $200 million of reinsurance from the new Citrus Re Ltd. (Series 2025-1) catastrophe bond issuance, as the notes have now been priced at reduced levels.

We’ve learned that Heritage Insurance Holdings, Inc., the nationally expansive, Florida headquartered property and casualty insurer, is now targeting lower pricing for its new $200 million Citrus Re Ltd. (Series 2025-1) catastrophe bond issuance.

Heritage Insurance Holdings, Inc., a nationally expansive, Florida headquartered property and casualty insurer, has returned to the catastrophe bond market with a target to secure $200 million or more in collateralized US named storm reinsurance from a Citrus Re Ltd. (Series 2025-1) issuance, Artemis can report.

The CEO of Heritage Insurance Holdings, Inc., the Florida headquartered property and casualty insurer, has warned that its gross losses from recent hurricane Milton could reach the third layer of its reinsurance tower, suggesting a reasonable amount of risk capital will support its claims from the storm.

Heritage Insurance Holdings, Inc. has now finalised its catastrophe excess-of-loss reinsurance renewal for the coming year and the top of its reinsurance tower stretches to $1.3 billion, with increased protection for the southeast US, while shrinking coverage for the northeast US and Hawaii.

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.