Fidelis seeks $100mn of Herbie Re cat bond quake cover
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Fidelis seeks $100mn of Herbie Re cat bond quake cover

Liz Bury
27 October 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Fidelis_Logo_bermuda_2021.png

Fidelis is seeking $100mn of quake cover across California, Oregon, Washington and Canada, with the trigger being territory-weighted annual aggregate industry loss.

The modelled expected loss on the deal is 3.37%, and the initial spread guidance is 925-1000 basis points (bps), giving a mid-point multiplier of 2.9x.

The

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? Log in now

Topics

FidelisNewsCatastrophe bonds
Headshot template (new) (1).png
Liz Bury
Editor
Contact
Gift this article