Fidelis recoups $10mn from Herbie Re bond with further recoveries possible
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Fidelis recoups $10mn from Herbie Re bond with further recoveries possible

The bond is currently trading at around 65c in the dollar on the secondary market.

By Jai Singh
February 01, 2024
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Fidelis has recouped $10mn from its Herbie Re 2021-1A cat bond following Hurricane Ian, Turkey earthquake and US severe convective storm (SCS) losses, sources have confirmed to this publication.

The

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