Citizens looks to raise $200mn cover with Everglades Re II cat bond
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Citizens looks to raise $200mn cover with Everglades Re II cat bond

Abbie Wood
26 April 2023
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Citizens Property Insurance Corporation is seeking $200mn from an Everglades Re II cat bond, for any named storm in the state of Florida.

The bond will provide coverage on an aggregate, indemnity basis and is seeking to raise two series of notes, for two different accounts, namely with $100mn of series 2023-1 Class A notes and a further $100mn series 2023-2 Class...

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