Catastrophe bonds make up the lions share at almost 76%
Florida Citizens finalises $2.82bn risk transfer tower
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Florida Citizens renews $2.82bn of reinsurance & cat bonds. Cites 30% YoY price decline
 Florida’s Citizens Property Insurance Corporation has now finalised its reinsurance risk transfer tower of almost $2.82 billion for 2026, securing $691 million of traditional reinsurance at the June 1 renewals, to add to its $2.125 billion of outstanding catastrophe bond protection.
Notably, Florida Citizens said that new coverage placed in 2026 ($600m of new cat bonds and the $691m of reinsurance) has come with a price that is roughly 30% lower than it would have cost for similar coverage a year ago.
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