Peak Re’s Black Kite Re doubles in size as pricing settles high
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Peak Re’s Black Kite Re doubles in size as pricing settles high

Liz Bury
30 May 2022
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Peak Re’s first cat bond, Black Kite Re, has priced 25% above guidance at 6.90%, and more than doubled in size to $150mn.

The multiple is 2.1x on the expected loss of 3.22%.

The bond will provide cover for any Japan typhoon event on a per-occurrence, CLIX industry insured loss basis.

Peak

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