Florida’s Citizens Property Insurance Corporation has now successfully priced what is the biggest catastrophe bond issuance ever seen, securing a 56% upsized $1.525 billion of reinsurance from its new Everglades Re II Ltd. (Series 2025-1) issuance, Artemis has learned.
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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 […]
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Florida’s Citizens Property Insurance Corporation is now targeting what could become the largest catastrophe bond issuance ever, as its target has lifted to between $1.4 billion and $1.525 billion of reinsurance from the new Everglades Re II Ltd. (Series 2025-1) issuance, Artemis has learned.
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Florida’s Citizens Property Insurance Corporation has now upsized its target for its latest catastrophe bond, increasing it to now seek up to $1.4 billion in named storm reinsurance protection from the Everglades Re II Ltd. (Series 2025-1) issuance, which if secured, would make it the joint second largest cat bond ever, Artemis has learned.
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Citizens Property Insurance Corporation is back with a significant initial target to secure at least $975 million in named storm reinsurance protection from a new Everglades Re II Ltd. (Series 2025-1) catastrophe bond, as Florida’s property insurer of last resort looks to expand the capital markets participation in its reinsurance tower this year, Artemis can […]
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