The Torrey Pines Re cat bond for first-time ILS sponsor Palomar Specialty Insurance is set to close at $166mn, 16 percent above the initial target of $143mn, Trading Risk understands.
The Torrey Pines Re cat bond for first-time ILS sponsor Palomar Specialty Insurance is set to close at $166mn, 16 percent above the initial target of $143mn, Trading Risk understands.