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The carrier's first cat bond has increased in size and dropped in price as marketing progresses.
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Florida Citizens' latest issuance expands by a quarter during marketing.
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Florida's state-backed insurer is set to buy $1.42bn reinsurance for the 2018 season. -
The reinsurer also benefited from low loss experience as first quarter net income rose 7.5 percent.
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Lancashire's $500mn sidecar took a loss in Q1 but grew its premium base by a third.
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HCI Group made an unsuccessful M&A approach to Federated National earlier this year.
