Florida Peninsula Insurance Company has now priced and secured the two-thirds upsized target of $250 million of named storm reinsurance from its new Palm Re Ltd. (Series 2026-1) catastrophe bond issuance, getting the capital markets coverage at a pricing level below guidance, Artemis has learned.
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Florida Peninsula Insurance Company has for a second time lifted the targeted amount of reinsurance it is seeking from its latest catastrophe bond, with the Palm Re Ltd. (Series 2026-1) issuance now seeking $250 million of named storm reinsurance for the insurer, Artemis can report.
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Florida Peninsula Insurance Company is now looking to upsize on its initial target for named storm reinsurance through the Palm Re Ltd. (Series 2026-1) catastrophe bond issuance, with the firm now seeking to secure $225 million of protection while the price guidance has also been lowered, this publication can report.
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Florida Peninsula Insurance Company is back in the catastrophe bond market looking to secure $150 million or more in named storm reinsurance from its third sponsorship of a Palm Re Ltd. (Series 2026-1) cat bond issuance, Artemis understands.
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