First Coast Re IV Ltd

Florida domestic homeowners insurer Security First Insurance Company has now successfully secured $100 million of reinsurance through its new First Coast Re IV Ltd. (Series 2023-1) catastrophe bond issuance, while the pricing has been finalised around 14% lower than the mid-point of initial guidance.

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.

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.

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.