There’s more than one Florida state agency looking to tap into growing demand from capital markets investors for insurance-linked securities.    

Citizens Property Insurance, which provides insurance to Florida property owners, pioneered pitting capital-market investors against traditional reinsurers in 2012, when it completed the first of its enormously successful Everglades Re deals. The $750 million transaction, upped from an initial $250 million, was launched alongside a reinsurance deal that priced several percentage points below a similar policy done the year before.

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