Nature Coast Re bond sizes at $50mn with pricing up 11%
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Nature Coast Re bond sizes at $50mn with pricing up 11%

The deal is offering a multiplier of 6.6x on the expected loss.

By Liz Bury
June 18, 2024
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Severe thunderstorm lowering cloud threatens tornado

SafePoint, Cajun Underwriters Reciprocal Exchange and Manatee have secured $50mn of named storm coverage, around 33% below the initial target, as their Nature Coast Re cat bond priced above guidance, Insurance Insider ILS understands.

The

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