New York's Metropolitan Transportation Authority (MTA) has returned to the cat bond market and is seeking $125mn of reinsurance protection from a new MetroCat Re 2017-1 cat bond, according to sources.
New York's Metropolitan Transportation Authority (MTA) has returned to the cat bond market and is seeking $125mn of reinsurance protection from a new MetroCat Re 2017-1 cat bond, according to sources.