Florida’s insurer of last resort see reinsurance costs plunge

Florida’s insurer of last resort see reinsurance costs plunge

Florida’s state insurer of last resort, Citizens Property Insurance Corporation, has revealed that new reinsurance coverage it purchased this year cost nearly 30 per cent less than last year. Citizens...

Florida Citizens renews $2.82bn catastrophe program amid up to 30% rate decline

Florida’s Citizens Property Insurance Corporation has revealed it has placed its 2026 private risk transfer program of $2.82 billion. Of the total, approximately $691 million is in the traditional reinsurance market and $2.13 billion in the capital markets, resulting in an overall weighted-average net rate-on-line (ROL) of 9.52%. The program comprises $1.29 billion of new 2026 placement and $1.53 billion of multi-year coverage carried forward fr…

Florida Citizens renews $2.82bn of reinsurance & cat bonds. Cites 30% YoY price decline - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. 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 pl…