First Protective seeks $100mn from Astro Re bond
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First Protective seeks $100mn from Astro Re bond

First Protective Insurance has told investors it will seek to raise $100mn for a new Astro Re cat bond, in its first foray into the market since 2018.

The single layer deal will provide First Protective and its Frontline Insurance subsidiary indemnity, per occurrence cover against any named storms in the states of Alabama, Florida, Georgia, North and South Carolina.


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