Citrus Re Ltd. Series 2016-1

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Heritage reduces FHCF participation to 45% with Citrus Re 2016 cat bond

Heritage Insurance Holdings, Inc., Florida headquartered parent to Heritage Property & Casualty Insurance, has reduced its reliance on using the Florida Hurricane Catastrophe Fund (FHCF) thanks to the successful completion of its latest catastrophe bond, Citrus Re Ltd. (Series 2016-1).For Floridian primary insurance companies one of the compelling reasons to read the full article →

Heritage’s Citrus Re 2016 cat bond set for $250m at top-end of pricing

Florida headquartered Heritage is set to secure $250m of reinsurance protection for its Heritage Property & Casualty Insurance and Zephyr Insurance Company subsidiaries from its new Citrus Re Ltd. (Series 2016-1) catastrophe bond transaction.According to sources the Citrus Re 2016-1 cat bond does not look like it will upsize, being set read the full article →

$250m Citrus Re 2016 Florida/Hawaii wind cat bond out for Heritage

Florida headquartered Heritage is back with a new catastrophe bond transaction, Citrus Re Ltd. (Series 2016-1), seeking $250m of reinsurance from the capital markets for its Heritage Property & Casualty Insurance and Zephyr Insurance Company subsidiaries.It's the first time Heritage has included coverage for a subsidiary, the company entered into an read the full article →