New York MTA ups MetroCat Re storm-surge cat bond to $100mn

11 May 2023

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The New York Metropolitan Transportation Authority (MTA) is now seeking to raise $100mn for its Metrocat Re 2023-1 cat bond, after initially seeking to raise $75mn.

The

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New York MTA ups MetroCat Re storm-surge cat bond to $100mn

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New York MTA ups MetroCat Re storm-surge cat bond to $100mn

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Fuel a smarter strategy with our actionable market intelligence

Topics

PCS puts second Hurricane Milton insured loss at $15bn

Fidelis seeking $300mn of named storm and quake coverage

US carriers target cat bond market as deal multiples hold up

Oak Re secures Bain Capital as minority backer ahead of 1.1 launch

ILS market sizing Hurricane Milton losses at around $20bn