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

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Topics

News Catastrophe bonds Property treaty ILS investors Fidelis Catastrophe losses
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