Citizens halted push for $4.7bn reinsurance program with 53% placed

Farhin Lilywala

15 July 2022

Citizens chose to place only ~53%, or $2.5bn, of its reinsurance program after seeking roughly $4.7bn of limit as it refused to revise the pricing on its treaty upwards in the face of a tight market for capacity.

The $2.5bn of limit the Florida insurer of last resort has for 2022/23 includes $1.45bn of new placement and $1.06bn

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Topics

News Florida Florida Citizens

Farhin Lilywala

Section Editor, Distribution & Specialty