Citizens cuts treaty in half at 1/6, reliance on cat bonds at new high
Florida’s insurer of last resort Citizens bought a mere $691 million in property cat treaty at the mid-renewals, merely decorating a $5.3 billion claims paying tower whose private risk transfer element is now dominated by catastrophe bonds.
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk
19 June 2026 SIRC 2026 will call on reinsurance leaders to embrace building resilience through innovation and expertise while navigating the increasingly complex risk landscape.