Citizens confirms $1bn Berkshire line in “cost efficient” $5.38bn program

Published: Wed 6 Sep 2023

Florida’s Citizens placed what it described as a “cost efficient” risk transfer program of approximately $5.38bn of limit that was close to the $5.64bn initially targeted with a traditional placement that included a $1bn line from Berkshire Hathaway and a 68 percent increase in Nephila’s participation.