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The bond is the second transaction from the sponsor to target per occurrence coverage. -
The syndicate snatched the number one spot from Chaucer’s Syndicate 1176.
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Market conditions have begun to soften.
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The group has also scaled back holdings with AlphaCat’s Soteria Fund.
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The mega bond has upsized to more than twice its initial target.
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The firm said it was poised to build on ‘significant growth’ in 2023.
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The bond offers named storm coverage in Florida.
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Charles Craigs will oversee Ascot’s sidecar and other third-party capital vehicles.
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The carrier had initially offered a spread of 700-750bps.
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This follows the broker's rebrand in October last year.
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Juniper Re Bermuda received preliminary approval from the BMA last month.
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ILS returns in 2023 sparked a flurry of enquiries from hedge funds.
