Everglades Re II Ltd

Florida’s Citizens Property Insurance Corporation is back with the expected Everglades Re II Ltd. (Series 2015-1) catastrophe bond in advance of the U.S. hurricane season, as the insurer seeks to once again increase its use of capital markets for risk transfer.

Florida’s Citizens Property Insurance Corporation hopes to see ‘relatively better pricing’ in its risk transfer programme for 2015, including in a new catastrophe bond expected to come to market via a new issuing vehicle, Everglades Re II Ltd.