The Hanover raises Commonwealth Re target by 20% to $150mn

06 June 2023

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The Hanover has increased the target limit on its Commonwealth Re cat bond by 20% to $150mn, as the pricing nudged down by about 3% at the midpoint of guidance to 4%-4.25%, this publication understands.

The bond will provide indemnity, per-occurrence coverage for named storm across 13 states in the US northeast.

The coverage is for Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont and...

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The Hanover raises Commonwealth Re target by 20% to $150mn

The Hanover has increased the target limit on its Commonwealth Re cat bond by 20% to $150mn, as the pricing nudged down by about 3% at the midpoint of guidance to 4%-4.25%, this publication understands.

Fuel a smarter strategy with our actionable market intelligence

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The Hanover raises Commonwealth Re target by 20% to $150mn

The Hanover has increased the target limit on its Commonwealth Re cat bond by 20% to $150mn, as the pricing nudged down by about 3% at the midpoint of guidance to 4%-4.25%, this publication understands.

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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