Covéa upsizes Hexagon Re cat bond to EUR145mn
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Covéa upsizes Hexagon Re cat bond to EUR145mn

Abbie Day
06 November 2023
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Mutual insurer Covéa Group has increased the targeted limit on its latest Hexagon Re cat bond by 45% to EUR145mn ($156mn), this publication understands.

The Class A notes upsized to EUR120mn, from the EUR100mn initially targeted. The pricing guidance on these moved to 850 basis points (bps), slightly above the mid-point of the initially guided range of 800-875 bps, raising the multiplier to...

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