Insurers
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The Class A and C notes increased in size, while the Class B note remained unchanged. -
The Class B notes on the carrier’s debut deal attach at $500mn of losses.
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Athena Re provides coverage against terrorism in France and its overseas territories.
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The Florida carrier reported a 103.5% combined ratio in Q3.
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The final price fell 14% from the initial midpoint price offered by the sponsor.
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The estimate includes private cover for residential, commercial and industrial property.
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The NHC is predicting storm surge, exacerbated by the tide, as high as 15 ft for Tampa Bay.
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A hurricane warning has been issued for the east coast of Florida.
