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The carrier is seeking to raise $100mn of coverage. -
The carrier is seeking named storm coverage in the state of Texas.
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The carriers are seeking up to $130mn of named storm coverage.
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The coverage is for any named-storm loss event in Florida.
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The state pool is seeking indemnity, annual aggregate cover.
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Sources are expecting multi-billion new limit to be placed.
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The bond will provide named storm coverage in southern US states.
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The bond will provide named storm coverage in some US states.
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The bond will provide parametric cover for earthquake and windstorms.
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The cat bond now has a pricing spread of 250-275 bps.
