Everglades Re II Ltd Series 2024-1

With Florida’s Citizens Property Insurance Corporation now aiming to upsize its new catastrophe bond issuance to between $1.4 billion and a record $1.525 billion in size, while its overall target for reinsurance has fallen slightly to $4.49 billion, once in-force cat bonds are added to the new issuance, the cat bond market could make up […]

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is aiming to purchase $2.94 billion of new traditional reinsurance and catastrophe bonds for the 2025 hurricane season, which would take its total risk transfer to $4.54 billion this year.

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is currently projecting a need to budget for a larger tower of reinsurance and catastrophe bonds in 2025, with almost $4.5 billion of risk transfer being discussed.

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, has completed its reinsurance renewals for 2024, but only purchased $3.564 billion of coverage across its traditional reinsurance and catastrophe bond arrangements, despite experiencing a softer market environment and lower pricing than a year ago.

Florida’s Citizens Property Insurance Corporation now only has catastrophe bonds in-force that occupy layers of its newly-combined single account reinsurance tower, after the last Everglades Re cat bond that provided coverage solely for the old Personal Lines Account has been redeemed.

Citizens Property Insurance Corporation, the property insurer of last resort for the state of Florida, has now finalised its new catastrophe bond, in the end securing $1.1 billion of reinsurance from the Everglades Re II Ltd. (Series 2024-1) deal, so the size fell slightly short of its upper-target, Artemis has learned.

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort that is currently in the catastrophe bond market with a new issuance that could approach $1.25 billion in size, expects that the rate-on-line across its reinsurance and risk transfer purchases for the 2024 hurricane season could be slightly higher than the prior year.

Florida’s Citizens Property Insurance Corporation, the insurer of last resort that is currently in the catastrophe bond market with a new issuance that could approach $1.25 billion in size, is set to increase its budget for reinsurance and risk transfer spend for 2024 to a maximum of $750 million.

Citizens Property Insurance Corporation has increased the targeted amount of reinsurance it is seeking from its latest catastrophe bond to as much as $1.25 billion, while at the same time focusing on securing three-years of coverage across the transaction, with one series of notes now dropped and only the Everglades Re II Ltd. (Series 2024-1) […]

Citizens Property Insurance Corporation is seeking what could be its biggest catastrophe bond ever, with an initial target of some $850 million of notes offered via a dual-series Everglades Re II Ltd. (Series 2024-1 & 2024-2) issuance, but with both two and three year note series available it looks like market appetite will decide the […]