The deal is seen as likely to become the latest cat bond issuance to exceed $1 billion
Florida Citizens sets $975m initial target for new cat bond | | | Florida Citizens sets $975m initial target for Everglades Re II 2025-1 cat bond  Citizens Property Insurance Corporation is back with a significant initial target to secure at least $975 million in named storm reinsurance protection from a new Everglades Re II 2025-1 catastrophe bond. We believe this to be the largest initial size for a cat bond offering ever seen in the market. While a number have grown bigger than this during their marketing, we've never seen one come to market with an initial target size this big. Only five catastrophe bonds have ever surpassed the billion dollar mark, but this Everglades Re II 2025-1 issuance could easily become the sixth, with its initial target size being $975 million and the cat bond market seeing strong deal execution in 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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