Citrus Re Ltd. Series 2017-1

Share

Cat bond trading still light, Citrus Re 2017 recovers, other Citrus’ dip

Secondary trading activity in catastrophe bonds has remained light following the landfall of hurricane Irma, even though some broker desks accepted enquiries over the weekend. Not many positions have changed hands, but notable is the price recovery of the Citrus Re 2017 cat bond and the fact a Citrus Re read the full article →

Citrus Re 2017 cat bond notes trade down 50% on hurricane Irma threat

A number of secondary catastrophe bond trades were seen as major hurricane Irma intensified on track towards the United States, possibly Florida, with the Citrus Re Ltd. (Series 2017-1) leading the prices down having traded at 50 yesterday, so discounted 50% on the possibility of an Irma loss for sponsor read the full article →

Collateralized ILS markets increase share of Heritage’s reinsurance

Collateralized reinsurance markets and ILS funds have significantly increased their share of the insurer Heritage's risk transfer program, with a number of new ILS managers featuring in the company's latest reinsurance program disclosure.Heritage Insurance Holdings, the parent of Heritage Property & Casualty Insurance Company, placed a reinsurance program for 2016-2017 read the full article →

Citrus Re 2017-1 cat bond pricing falls to bottom of reduced range

The pricing guidance for insurer Heritage's recently launched $125 million Citrus Re Ltd. (Series 2017-1) catastrophe bond has fallen again, now being fixed at the bottom end of the lowered coupon guidance range.This cat bond looks set to demonstrate the appetite of insurance-linked securities (ILS) investors, with the spread guidance read the full article →

Citrus Re 2017-1 cat bond price guidance drops on investor demand

Coupon price guidance for the recently launched $125 million Citrus Re Ltd. (Series 2017-1) catastrophe bond has been lowered significantly, as investor demand for cat bond investments looks set to offer sponsors very attractive conditions.Heritage Property & Casualty Insurance Company is sponsoring its fifth Citrus Re named catastrophe bond issuance read the full article →

Heritage returns to cat bond market with $125m Citrus Re 2017-1

Heritage Property & Casualty Insurance Company is returning to the capital markets for its fifth Citrus Re named catastrophe bond issuance as it seeks to expand its collateralised reinsurance protection, with a $125 million sized Citrus Re Ltd. (Series 2017-1).With its fifth Citrus Re catastrophe bond, we understand from sources read the full article →