Floridians tap up cat bond market

Two Florida insurers have joined a number of carriers seeking cover
from the cat bond market in the run-up to the hurricane season,
sister publication Trading Risk reported
last week.
One, Security First, is looking to enact its second ILS
transaction following its inaugural First Coast Re deal last year.
The second, American Integrity, has issued its first cat bond,
Integrity Re.
Both are using reinsurers to front the transactions for them,
with Swiss Re acting for Security First and...