March 11, 2025
Financial Assets

Florida Citizens targets $2.94bn of new reinsurance and cat bonds for 2025

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is aiming to purchase $2.94 billion of new traditional reinsurance and catastrophe bonds for the 2025 hurricane season, which would take its total risk transfer to $4.54 billion this year.Florida Citizens still has $1.6 billion of catastrophe bonds outstanding to provide protection through the

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Financial Assets

CEA catastrophe bonds now 31% share of tower, as risk transfer declines to $7.85bn

The California Earthquake Authority (CEA) shrank its risk transfer tower through the January renewals, as its traditional reinsurance placements saw further contracts expire, resulting in its catastrophe bonds making up a larger share of the overall at now more than 31%.When we last reported on the CEA’s risk transfer tower, made up of reinsurance and

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