Citrus Re Ltd. Series 2024-1

Heritage Insurance Holdings

ACTIVE

Principal

$150M

Peril

hurricane

Trigger

ilw

Spread

700 bps

Bond Details

Issuance: 2024-06-01
Maturity: 2027-06-01
Expected Loss: 4.2%
Attachment: 3.5%
Exhaustion: 9%
Calculation Agent: AIR Worldwide

CivilSense Assessment

Modeling Confidence

MEDIUM

Industry loss warranty for Florida hurricane. CivilSense can estimate insured loss from NHC wind fields + population exposure, providing early trigger proximity signal before PCS official determination.

Last reviewed: 5/10/2026

Trigger Structure

{
  "type": "industry_loss_warranty",
  "geography": "State of Florida",
  "description": "Florida hurricane industry loss exceeding PCS threshold",
  "index_provider": "PCS (Property Claim Services)",
  "perils_covered": [
    "hurricane"
  ],
  "attachment_loss_usd": 20000000000,
  "exhaustion_loss_usd": 35000000000,
  "measurement_period_months": 12
}

Trigger Evaluations

No trigger evaluations yet. Evaluations are generated when matching events occur.

View on Artemis Our Methodology

Questions about our catalog data? Calculation agents and sponsors can submit corrections to research@civilsense.io

For situational awareness only — not for investment decisions or emergency response. When available, CivilSense trigger evaluations are independent estimates and may differ from official calculation agent determinations.