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

Alex Frampton
10 May 2021
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Welcome to Florida sign with palm trees in background
Florida stateline | Ingo Dörenberg/Getty Images/iStockphoto

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

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FloridaFlorida CitizensCatastrophe bondsNews
AF
Alex Frampton
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