Everglades Re II Ltd Series 2021-1

Share

ILS capital dominates Citizens reinsurance renewal, led by Nephila’s $600m line

Third-party sources of reinsurance capital, largely from the insurance-linked securities (ILS) market, has dominated the reinsurance renewal of Florida's Citizens Property Insurance Corporation in 2021, with ILS giant Nephila Capital the biggest market by a long way thanks to a $600 million line. The ILS market has demonstrated its commitment to read the full article →

Citizens secures $950m of cat bond cover with Everglades Re 2021

Florida's Citizens Property Insurance Corporation has now secured its upsized $950 million target for its latest Everglades Re II Ltd. (Series 2021-1 & 2021-2) catastrophe bonds, making them the insurers second largest slice of reinsurance from the capital markets on record. The not for profit property insurer for the state of read the full article →

Florida Citizens aims to near double new cat bond to $950m in size

Citizens Property Insurance Corporationis set to significantly increase the amount of capital market backed reinsurance it has in-force from catastrophe bonds, with its latest Everglades Re II Ltd. (Series 2021-1 & 2021-2) issuances now targeting between $800 million and $950 million of coverage. The not for profit property insurer for the read the full article →

Citizens seeks $500m coastal & personal account Everglades 2021 cat bond

Florida’s Citizens Property Insurance Corporation is back in the catastrophe bond market with a $500 million or greater dual-series Everglades Re II Ltd. (Series 2021-1 & 2021-2) transaction, from which it is seeking reinsurance protection for both its Coastal and Personal Lines account books. Florida Citizens attempted the same last year, read the full article →