American Coastal targets $100mn of Florida named storm coverage
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American Coastal targets $100mn of Florida named storm coverage

The deal is offering a multiple of 13.6x on the sensitivity case expected loss.

By Liz Bury
November 22, 2024
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American Coastal Insurance Company is seeking $100mn of Florida named storm coverage for its commercial residential book with a new Armor Re cat bond issuance, Insurance Insider ILS understands.

The

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Topics

NewsCatastrophe bondsFloridaReinsurance
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