Florida’s Citizens Property Insurance Corporation once again benefited from meaningful ILS manager and capital markets support for its traditional reinsurance needs in 2026, with these third-party capital investors taking 52% of the placement, while Nephila Capital was the largest single participant.
As we reported earlier this week, Florida Citizens placed $691 million of traditional reinsurance at the June 1st renewal.
When added to its $2.125 billion of outstanding catastrophe bond protection, Florida Citizens’ risk transfer tower stands at almost $2.82 billion for the 2026 hurricane season.
FULL ORIGINAL PUBLICATION HERE