Florida’s state-run property reinsurance facility is preparing to issue $2 billion in revenue bonds to ensure it has enough money on hand to quickly pay insurers’ claims in the event of a major hurricane. The Florida Hurricane Catastrophe Fund has …
With two quarters completed in 2012, the catastrophe bond market remains robust. Insurers and reinsurers issued approximately $3.6 billion in catastrophe bonds during the first half of 2012, up from $2.2 billion in the first half of 2011, according to …
Florida’s Citizens Property Insurance Corp. has entered the catastrophic bond market in a big way by issuing $750 million in bonds, making it the largest insurance-linked security deal of its kind. Citizens Property Insurance Board Chair Carlos Lacasa declared it …
Attractive market conditions as a result of strong investor demand resulted in a record issuance of $1 billion catastrophe bonds in the first quarter of 2011, compared to $650 million in the same quarter last year. This is according to …
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