Everglades Re II Ltd Series 2021-2

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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 →