GeoVera seeks $150mn of US quake cover with cat bond Veraison Re
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GeoVera seeks $150mn of US quake cover with cat bond Veraison Re

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Personal lines property catastrophe insurer GeoVera Insurance is seeking $150mn of US quake cover with its first cat bond issuance, Veraison Re.

The trigger is indemnity, per-occurrence.

The $75mn of Class A notes have a guide price of 6%-6.5%, giving a mid-point multiplier of 9.1x

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