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2 December 2024Reinsurance

Florida’s Citizens hikes Re & ILS target to $4.5bn in 2025 tower

Florida’s insurer of last resort Citizens will seek to increase traditional reinsurance and ILS sums in its 2025 risk transfer programme by 35% to $4.453 billion even as its target 1-in-100 single event PML falls massively to $11.391 billion for its residential tower.

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