Citizens breaks world record for largest bond issued Florida’s Citizens Property Insurance has issued the largest catastrophe reinsurance bond in world history. Citizens made a powerful entry into the catastrophic bond market late last week, issuing more than $750 million in bonds. The bonds are considered to be the largest insurance-linked security in the world, putting Citizens in a powerful position in the bond market. Though the state-run insurance organization has been facing daunting financial problems, the bonds are expected to help solve these challenges. Bonds worth more than $750…
Read MoreTuesday, April 23, 2024
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