Florida Citizens plans to replace $1.3 billion in expiring coverage for catastrophic losses in 2015, and it may seek as much as $2.5 billion in additional coverage. Assuming no massive hurricanes or other catastrophic events this year trigger big payouts from reinsurers and their capital market counterparts, the state-backed property insurer anticipates pricing rivaling if not besting transactions inked earlier this year. And this year’s pricing was less than half that of its 2012 deals.

But pricing wasn’t Florida Citizen’s only bonbon this year.

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