Florida Citizens to target fresh $1bn-$1.5bn cat bond
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Florida Citizens to target fresh $1bn-$1.5bn cat bond

The state carrier is moving to redeem its 2022 Everglades issuance a year early.

By Liz Bury Jai Singh
March 15, 2024
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Citizens logo hurricane ian damage florida.jpg

Florida Citizens is targeting a new cat bond sized at $1bn-$1.5bn, which would be its largest ILS transaction since 2014, sources told this publication.

This

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NewsFlorida CitizensCatastrophe bondsRe/insurers
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