If the upper size target is achieved, Florida Citizens latest cat bond will be the joint second largest ever
Citizens sets $1.4bn target for new Everglades cat bond | | | Florida Citizens now seeks up to $1.4bn in named storm reinsurance with Everglades Re II 2025-1 cat bond  Florida's Citizens Property Insurance Corporation has now upsized its target for its latest catastrophe bond, increasing it to now seek up to $1.4 billion in named storm reinsurance protection from the Everglades Re II Ltd. (Series 2025-1) issuance, which if secured, would make it the joint second largest cat bond ever. Only five catastrophe bonds have ever surpassed the billion dollar mark, but this Everglades Re II 2025-1 issuance is on track to become the sixth, with its target size now raised to up to $1.4 billion, amid the cat bond market seeing strong deal execution throughout 2025 so far. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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