Citizens $440m cover attracts big hedge fund support
Citizens, the Florida state-owned insurer of last resort, is close to seeing a 1st June $440m reinsurance placement completed by reinsurance brokers Benfield, Reinsurance understands.
The placement – which is the first time Citizens has come to the private reinsurance since 2005 – is being completed “on very aggressive terms”, market sources said.
Hedge fund-owned property
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