Citizens looks for $5.8bn of 2023 risk transfer including Lightning Re industry loss cat bond
Florida’s Citizens Property Insurance Corporation plans to go to market to secure enough traditional and capital markets limit for a $5.8bn 2023 risk transfer program split evenly across its coastal and personal lines (PLA) accounts including $1.15bn of rollover cat bonds and its $200mn proposed industry loss indexed issue, The Insurer can reveal.