Palomar has secured $420mn of quake cover across three tranches of its Torrey Pines 2024-1 cat bond notes, an uplift of 5% on the initial target limit and more than double the size of last year’s $200mn Torrey Pines...
Palomar upsizes Torrey Pines bond 5% at $420mn
The multiple on the Class A notes is lower compared with last year.