Armor Re doubles in size to $200mn as pricing settles below guidance
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Armor Re doubles in size to $200mn as pricing settles below guidance

The pricing multiple on the deal is 12.1x the sensitivity case expected loss.

By Liz Bury
December 12, 2024
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Hurricane damage

American Coastal has priced its Armor Re bond 11% below the midpoint of guidance at 8.5%, as the deal doubled in size to $200mn.

Armor

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NewsCatastrophe bondsILS managersProperty treatyNorth AmericaFlorida
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