Everglades Re II Ltd Series 2022-1

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Florida Citizens secures PLA cat bond at $200m, priced above guidance

Florida’s Citizens Property Insurance Corporation has now secured its latest catastrophe bond that will provide it $200 million of reinsurance protection, but pricing for the Everglades Re II Ltd. (Series 2022-1) transaction eventually settled above the initial guidance. Readers will know we've been covering Florida Citizens experience in the reinsurance and read the full article →

Citizens had planned more cat bonds for 2022, but pricing not conducive

Florida's Citizens Property Insurance Corporation had originally been seeking more catastrophe bond backed reinsurance for 2022, specifically to fill out layers of its Coastal Account reinsurance tower, but pricing feedback from investors caused the insurer to change plans and these cat bond tranches never made it to market. This news came read the full article →

Florida Citizens new Everglades cat bond sized up to $200m as price rises

Florida’s Citizens Property Insurance Corporation's target for its new catastrophe bond now stands at up to $200 million, while pricing for the Everglades Re II Ltd. (Series 2022-1) transaction has risen to above the initial guidance, Artemis has learned. With Florida Citizens expanding rapidly, as policyholders return to the insurer of read the full article →

Florida Citizens seeks $100m+ PLA focused Everglades Re II cat bond

Florida’s Citizens Property Insurance Corporation is back in the catastrophe bond market to sponsor a $100 million or greater Everglades Re II Ltd. (Series 2022-1) transaction, from which it is seeking named storm reinsurance protection for its Personal Lines Account book of business. Florida Citizens is expected to buy anything up read the full article →