Fidelis expands Herbie Re worldwide cat bond to $150mn

Fiona Robertson

18 May 2021

Fidelis has tripled the target size of its new Herbie Re cat bond from an initially small $50mn to $150mn, as projected pricing on the deal fell by 3.4%.

The deal is now expected to offer a spread of between 1725 to 1775 basis points (bps), or a 2.1x

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats

Request a free trial Already a subscriber? Login now

Topics

News Fidelis Catastrophe bonds

Fiona Robertson

Editor-in-Chief