First Protective seeks $100mn from Astro Re bond

Alex Frampton

14 June 2021

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First Protective Insurance has told investors it will seek to raise $100mn for a new Astro Re cat bond, in its first foray into the market since 2018.

The single layer deal will provide First Protective and its Frontline Insurance subsidiary indemnity, per occurrence cover against any named storms in the states of Alabama, Florida, Georgia, North and South Carolina.

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First Protective seeks $100mn from Astro Re bond

First Protective Insurance has told investors it will seek to raise $100mn for a new Astro Re cat bond, in its first foray into the market since 2018.

Fuel a smarter strategy with our actionable market intelligence

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First Protective seeks $100mn from Astro Re bond

First Protective Insurance has told investors it will seek to raise $100mn for a new Astro Re cat bond, in its first foray into the market since 2018.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn