Swiss Re Insurance-Linked Fund Management

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Everglades Re Ltd Series 2013-1

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Citizens hails 40% cost-saving made with Everglades Re 2013 cat bond

2nd April 2013

The latest catastrophe bond from Florida’s Citizens Property Insurance completed at the end of last week, bringing the amount of risk transfer Citizens benefits from in the cat bond market to $1 billion between its two transactions completed to date. After being clearly pleased with the drop in pricing the Everglades Re Ltd. (Series 2013-1) transaction […]

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Citizens approves Everglades Re 2013 cat bond, ecstatic with pricing

22nd March 2013

The Board of Florida’s Citizens Property Insurance, the state backed property insurer of last resort, has just approved its reinsurance and risk transfer plans for 2013 including the second catastrophe bond from the insurer, Everglades Re Ltd. (Series 2013-1). The Board made it clear just how much they appreciate the risk transfer from the capital […]

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Further details on Citizens new Everglades Re 2013 catastrophe bond

15th March 2013

On Wednesday we covered the new catastrophe bond transaction which has come to market on behalf of Florida’s Citizens Property Insurance, the state backed property insurer of last resort. Citizens second cat bond issuance, after its successful and record-sized 2012 issuance, Everglades Re Ltd. (Series 2013-1) sees the insurer seeking to expand the amount of […]

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Florida Citizens return to cat bond market with Everglades Re 2013

13th March 2013

As expected Florida’s Citizens Property Insurance, the state backed property insurer of last resort, is bringing its second catastrophe bond issuance to market with a new Series 2013-1 tranche from its Everglades Re Ltd. special purpose insurer. Florida Citizens had been planning to increase its spend on private market risk transfer and reinsurance this year, […]

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