St Johns seeks $100mn from first-time cat bond Putnam Re

Alex Frampton

11 May 2021

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Floridian insurer St Johns Insurance has told investors it will look to raise $100mn from its first ever Putman Re cat bond.

It will trigger on an indemnity per occurrence basis against named storms in Florida and South Carolina but, following a reset, it will apply to any other US states.

The

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St Johns seeks $100mn from first-time cat bond Putnam Re

Floridian insurer St Johns Insurance has told investors it will look to raise $100mn from its first ever Putman Re cat bond.

Fuel a smarter strategy with our actionable market intelligence

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St Johns seeks $100mn from first-time cat bond Putnam Re

Floridian insurer St Johns Insurance has told investors it will look to raise $100mn from its first ever Putman Re cat bond.

Log in to continue

Fuel a smarter strategy with our actionable market intelligence

Topics

Allstate posts March cat loss of $1.04bn net of reinsurance recoveries

Q1 insured cat losses of $53bn driven by CA wildfires: Aon

USAA in market to upsize property cat programme by almost $1bn at 1.7

Aon's Sykes appointed Guernsey Finance chairman

PCS lifts Palisades and Eaton wildfires loss estimate by 5.3% to $35.7bn