Citrus Re Ltd

Florida headquartered, nationally expansive U.S. property casualty insurer, Heritage Insurance Holdings, Inc., has said that it expects its hurricane Ian losses will fall within the second-layer of its reinsurance tower, which covers it up to $960 million of losses.

Heritage Insurance Holdings, Inc., the Florida headquartered but nationally expansive property and casualty insurer, has reported the full placement of its reinsurance program for 2022, which includes the company’s first catastrophe bond transaction since 2017.

Florida headquartered but nationally expansive property and casualty insurer Heritage Insurance Holdings, Inc. has now secured its new Citrus Re Ltd. (Series 2022-1) catastrophe bond at the original $100 million size, but with pricing now fixed above the initial guidance range.

The new Citrus Re Ltd. (Series 2022-1) catastrophe bond transaction sponsored by Florida headquartered but nationally expansive property and casualty insurer Heritage Insurance Holdings, Inc. has seen its price guidance raised to above the initial range, Artemis can report.

Heritage Insurance Holdings, Inc., the Florida headquartered but nationally expansive property and casualty insurer, has returned to the catastrophe bond market seeking $100 million or more of north-east US wind reinsurance with a Citrus Re Ltd. (Series 2022-1) transaction.

Heritage Insurance Holdings, Inc., the Florida headquartered, nationally expansive U.S. property casualty insurer, has placed its first event reinsurance tower to an exhaustion point of $1.347 billion, which is around 12% lower than the prior year, while spend has increased by more than 9%.

Heritage Insurance Holdings, Inc., the Florida focused property and casualty insurer, has benefited from more reinsurance recoveries under its Citrus Re catastrophe bond series of deals, with more tranches seeing principal reductions, one of which has now been allowed to mature.

One of the loss-exposed tranches of Florida focused property and casualty insurer Heritage Insurance Holdings, Inc’s Citrus Re Ltd. catastrophe bonds has been partially redeemed by investors, with now $36.7 million of collateral from the originally $125 million tranche still retained by the sponsor and its maturity further extended.

Heritage Insurance Holdings, Inc., the Florida headquartered, nationally expanding U.S. property casualty insurer, has completed its reinsurance renewal and hails a saving made, however any reduction in cost is likely been achieved by increasing its FHCF participation to the 90% level.

Another $100 million tranche of Florida focused property and casualty insurer Heritage Insurance Holdings, Inc’s Citrus Re Ltd. catastrophe bond tranches looks to have paid out, as the cat bond note balance went to zero and the extended tranche was allowed to mature.