Universal looks to upsize debut cat bond to $150mn as pricing dips
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Universal looks to upsize debut cat bond to $150mn as pricing dips

Fiona Robertson
16 March 2021
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Universal Insurance Holdings is expected to upsize its debut Cosaint Re cat bond by $50mn to $150mn as pricing on the deal fell below its initial targets, Trading Risk understands.

The Florida-based regional insurer joins Security First in tapping up ILS market cover in an early start to the 1 June renewal season, which is expected to be another challenging one for the state market.

Universal

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Catastrophe bonds Catastrophe losses News Hurricane
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