Citizens plans $850mn cat bonds as it looks to double reinsurance limit
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Citizens plans $850mn cat bonds as it looks to double reinsurance limit

Fiona Robertson
05 March 2021
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Florida Citizens Property Insurance expects to raise $850mn from the cat bond market this year as it prepares to more than double its private reinsurance placement to protect its growing portfolio.

This will mark its biggest series of cat bond deals since the landmark $1.5bn Everglades Re transaction in 2014.

Meeting

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Catastrophe bonds
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