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

Liz Bury
27 October 2022
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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

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Fidelis News Catastrophe bonds Wildfire
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