Florida Citizens launches personal lines cat bond Lightning Re
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Florida Citizens launches personal lines cat bond Lightning Re

Liz Bury
27 February 2023
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Citizens logo Tallahassee Florida.jpg

Florida Citizens has launched new cat bond Lightning Re and is seeking $200mn of Class A named storm coverage.

The bond has a guide price of 11.5%-12.5%, giving a mid-point multiplier of 5.8x on the sensitivity case expected loss at 2.07%.

The

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Catastrophe bondsNewsFloridaFlorida Citizens
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Liz Bury
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