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Mercury targets $100mn of limit with pure wildfire Luca Re cat bond
The Californian insurer had a private deal, Randolph Re, that provided pure wildfire protection.
Opinion
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Analysis
Everest Re has structured its deal into two sections targeting aggregate and per occurrence cover.
A total $225mn of fresh limit entered the market across two deals.
ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
The deals covered Euro wind and Italy quake, Florida hurricane and a retro bond.
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