Surety capacity expected to be stable in Australia and increase in Asia

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, has cited favourable market conditions as it was able to successfully place its target risk transfer programme of $4.49 billion for the 2025 wind season, which includes $2.89 billion of new coverage from the traditional reinsurance and capital markets.Back in April, the Citizens Board approved the carrier to loo