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4 December 2023Reinsurance

Florida’s Citizens may seek $5.5bn in reinsurance in 2024

Florida's insurer of last resort Citizens may seek some $5.5 billion in traditional and capital market reinsurance for the 2024 season, a proposal prepared for board consideration indicates.

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More on this story

Insurance
Florida’s Citizens puts reinsurance to $5.4bn at ‘significant’ price hike
11 July 2023   Total risk-adjusted price increase for 2023 placements hit 25%, gross ROL at 12.7%.
Alternative Risk Transfer
Florida’s Citizens pads ILS arsenal for leveraged power, up to $500m due
20 March 2023   Citizens moves to industry-loss trigger to leverage all accounts ahead of legal merger


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