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

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 seeks $100mn of Herbie Re cat bond quake cover

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

Fuel a smarter strategy with our actionable market intelligence

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

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

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

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