First Protective seeks $100mn from Astro Re bond

Alex Frampton

14 June 2021

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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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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.

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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.

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Uncover exclusive insights tailored for insurance leaders

Topics

Universal ‘seeing more entrants coming into the market’: CEO Donaghy

ILS managers can differentiate on ESG factors: panel

Cyber ILS market 'yet to be tested’: panel

Sponsors routinely weigh cat bonds as part of their risk transfer strategy: panel

Jamaica’s $150mn cat bond prices at upper reach of guidance