Across the entire roughly $4.49 billion reinsurance risk transfer tower of Florida’s Citizens Property Insurance Corporation the capital markets have taken their largest share proportionally in 2025, with around 87% of the total backed by catastrophe bonds, collateralized reinsurance markets and ILS fund managers.
As Artemis was first to report yesterday, Florida Citizens confirmed the successful completion of its reinsurance renewal for the 2025 hurricane season, securing the targeted traditional and catastrophe bond coverage for less than the budget that had been set.
For 2025, Florida Citizens had a target to secure $4.49 billion of total risk transfer, across cat bonds and reinsurance, with $2.89 billion of new reinsurance and/or cat bonds required, alongside the $1.6 billion of still in-force cat bond deals from prior years.
FULL ORIGINAL PUBLICATION HERE
