Florida’s Citizens eyes $2.94bn of catastrophe reinsurance for 2025
Property insurer total targets reinsurance coverage of $4.54bn, with $1.6bn risk transfer remaining from its $500m Lightning Re catastrophe bond from 2023 and $1.1bn Everglades Re II issuance in 2024
Last resort residential property insurer trims premium budget to $650m as exposures decline on back of depopulation programme