Citizens board approves $750mn for $5.5bn 2024-25 risk transfer program
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Citizens board approves $750mn for $5.5bn 2024-25 risk transfer program

Citizens also secured $1.1bn of limit for its Everglades Re cat bond.

By Shelby Rosenberg
May 16, 2024
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Florida state flag.jpg

Florida Citizens’ board of governors has approved a $750mn budget to purchase around $5.5bn of traditional and capital markets risk transfer for personal residential and commercial residential losses for the insurer’s 2024-25 program.

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