Texas Farm Bureau seeks $200mn of coverage for debut cat bond
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Texas Farm Bureau seeks $200mn of coverage for debut cat bond

Jai Singh
04 December 2023
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Texas Farm Bureau Casualty Insurance Company (TFBCIC) is seeking $200mn for its debut cat bond, Fish Pond Re.

Fish Bond Re will provide coverage for any named storm in Texas on an indemnity, per-occurrence basis.

Spread guidance is 400-450 basis points, giving a midpoint multiplier of 33.7x

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