Florida debt issuances attract new crowd of ILS managers

Two Florida insurers have issued debt to insurance-linked
securities (ILS) managers in recent weeks, highlighting the fact
that a broader group of such companies are prepared to invest in
such deals.
United Insurance Holdings placed $30.0mn of senior debt notes
with funds managed by Zurich-based ILS manager Twelve Capital,
while Heritage Insurance was set to place $79.5mn of senior secured
debt in a deal supported by Fermat Capital Management and Hudson
Structured Capital Management Bermuda (HSC