Fidelis Insurance set to recoup $96mn from Herbie Re 2021-1 A cat bond
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Fidelis Insurance set to recoup $96mn from Herbie Re 2021-1 A cat bond

The bond was trading at around 12.3c on the dollar in the secondary market last month.

By Jai Singh
March 13, 2025
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Wildfire Fire California Helicopter.jpg

Fidelis Insurance Group is set to recoup $96mn from its Herbie Re 2021-1 A bond after the California wildfires delivered losses that pushed the annual aggregate structure beyond its retention of ~$52bn, sources have told this publication.

Roughly

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Catastrophe bonds Property treaty ILS investors Fidelis Catastrophe losses ILWs Hurricane Wildfire
Gift this article