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

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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.

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