Security First Insurance Company, the Florida domestic homeowners insurer, has again seen the guidance pricing drop for its new First Coast Re IV Ltd. (Series 2023-1) catastrophe bond issuance, with now a ~12% saving targeted through a reduced spread.
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Security First Insurance Company, the Florida domestic homeowners insurer, is now targeting lower pricing for its new First Coast Re IV Ltd. (Series 2023-1) catastrophe bond issuance, while the size target hasn’t changed at $100 million, we are told.
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Security First Insurance Company, a specialist Florida domestic homeowners insurer, is back in the catastrophe bond market with a First Coast Re IV Ltd. (Series 2023-1) issuance, that targets $100 million or more in named storm and severe thunderstorm reinsurance protection for the company.
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