Anchor Re sets pricing for Gateway Re cat bond
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Anchor Re sets pricing for Gateway Re cat bond

Aisling Finn
14 July 2023
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Anchor Re has set the pricing for its $50mn Gateway Re cat bond at 10% for its Class A notes, which is at the low end of the most recent pricing guidance.

This equates to a multiplier of 3.38x when using the initial modelled annual loss of 2.96%.

The carrier reduced the pricing guidance for the bond earlier this week to 10.0%-10.5%,

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