Fidelis expands Herbie Re worldwide cat bond to $150mn

Fiona Robertson

18 May 2021

Fidelis has tripled the target size of its new Herbie Re cat bond from an initially small $50mn to $150mn, as projected pricing on the deal fell by 3.4%.

The deal is now expected to offer a spread of between 1725 to 1775 basis points (bps), or a 2.1x

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Fiona Robertson

Editor-in-Chief