Florida Citizens lifts Everglades Re cat bond target above $800mn
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Florida Citizens lifts Everglades Re cat bond target above $800mn

Alex Frampton
10 May 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Welcome to Florida sign with palm trees in background
Florida stateline | Ingo Dörenberg/Getty Images/iStockphoto

Florida Citizens Property Insurance has significantly increased the amount it aims to raise from its latest Everglades Re cat bond deal, as pricing on the deal fell to the low end of its expectations.

At the end of April it was seeking $500mn for the bond, but it will now look for between $800mn and $950mn.

This

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

FloridaFlorida CitizensCatastrophe bondsNews
AF
Alex Frampton
Gift this article