Citrus Re Ltd. Series 2014-2

The second catastrophe bond sponsored by Florida Citizens takeout insurer Heritage Property and Casualty Insurance, Citrus Re Ltd. (Series 2014-2), has been priced at the low-end of guidance as the insurer maximised its use of the ILS market in 2014.

Florida Citizens takeout insurer and first time catastrophe bond sponsor Heritage Property and Casualty Insurance is issuing a second series of cat bond notes already, with the launch of Citrus Re Ltd. (Series 2014-2).