The $150m Citrus Re Ltd. (Series 2014-1) catastrophe bond, sponsored by Florida Citizens takeout insurer and first time cat bond sponsor Heritage Property and Casualty Insurance, has priced right at the low-end of a reduced coupon range.
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Yet again a new catastrophe bond deal has upsized while pricing down. This time it’s Citrus Re Ltd. (Series 2014-1), sponsored by Florida Citizens takeout insurer and first time cat bond sponsor Heritage Property and Casualty Insurance Co.
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A new catastrophe bond transaction has launched today. Citrus Re Ltd. (Series 2014-1) is being issued on behalf of Florida Citizens takeout insurer and first time cat bond sponsor Heritage Property and Casualty Insurance Co.
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