James R. Malone Announces Successful Closing of $2.4B Bond Sale
James R. Malone Announces Successful Closing of $2.4B Bond Sale
April 8, 2010
Citizens Property Insurance Corporation - the largest writer of property insurance in Florida with just over one million policies and the third largest underwriter of property insurance in the nation - has closed on a $2.4B bond sale, enabling the State of Florida to enter the 2010 hurricane season in the strongest shape and firmest financial footing in its history. Qorval's James R. Malone, Chairman of the Board of Citizens said, "This is truly a great day for all Floridians. The success of Citizens Property Insurance Corporation in closing this bond sale is indicative that capital markets are coming back, and of Citizens' ability to access capital at extremely favorable rates. Particularly for the average Floridian, this is a tremendous achievement."
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