Slide trims guide pricing by 5 bps on $100mn Purple Re bond
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Slide trims guide pricing by 5 bps on $100mn Purple Re bond

Samuel Casey
26 June 2023
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Slide Insurance Company has lowered the guided pricing range by 5 basis points to 10%-11% on its latest Purple Re cat bond, down from the initially guided 10.5%-11.5%.

The size of the bond remains unchanged at $100mn, ahead of books closing later today.

The bond will provide coverage for named storm in Florida and North Carolina and, following a reset, the initial covered area and any other states...

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NewsCatastrophe bonds
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Samuel Casey
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