Florida Citizens seeks $500mn from Everglades Re cat bond
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Florida Citizens seeks $500mn from Everglades Re cat bond

Alex Frampton
26 April 2021
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Florida Citizens Property Insurance is looking to raise $500mn from a new Everglades Re deal which will complement a $110mn deal completed by the Sunshine State insurer last year.

This marks a decline on the $850mn sum it was hoping to raise, as reported in March.

The bond will provide Citizens with indemnity cover on an annual aggregate basis against named storms in the state of Florida.

The

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NewsCatastrophe bondsFlorida Citizens
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Alex Frampton
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