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“In December 2012, the Citizens board set out a goal of transferring at least $1 billion of its financial exposure to the private market. With the Everglades Re Lt., deal done, the insurer can now focus on the more traditional reinsurance market. And since many of them didn’t participate in the Everglades Re deal, they still have plenty of capital to work with.”
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December 2012? This arcticle is from the future!
You sir are incorrect. Today is 05/03/2019 and Citizens has been shut down (thank goodness!) and of all the major carriers are now back in town.
It is now Dec 21st 2012. The world is over! Couldnt resist, sorry!