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