Prologis targets $95mn earthquake cover with Logistics Re
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Prologis targets $95mn earthquake cover with Logistics Re

Liz Bury
30 November 2021
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US industrial property owner and logistics specialist Prologis is looking to raise $95mn of US earthquake cover with Logistics Re, its first catastrophe bond deal.

Price guidance on the single-tranche deal of Class A notes ranges from 300 to 350 basis points (bps), giving a mid-point multiplier of 3x on the expected loss of 1.1%.

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Catastrophe bondsNewsRe/insurers
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