UPC halves target size of Armor cat bond to $100mn

10 May 2019

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United Insurance Holdings (UPC) will close its new Armor Re II cat bond at $100mn, half its initial target, after withdrawing a riskier layer of the deal, Trading Risk understands.

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UPC halves target size of Armor cat bond to $100mn

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UPC halves target size of Armor cat bond to $100mn

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Fuel a smarter strategy with our actionable market intelligence

Topics

Redhead moves ahead with estimated $300mn-$500mn for 1.1 start-up Perren Re

Lloyd’s disclosures imply Helene, Milton industry loss of $30bn-$60bn

ILS Advisers Index gains 0.81% in October

Atlantic hurricane season 2024 wrap-up: Key insights in four charts

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