Third Acorn Re earthquake bond targets an initial $400mn
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Third Acorn Re earthquake bond targets an initial $400mn

Liz Bury
12 October 2021
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Vermont captive Oak Tree Assurance is looking to raise $400mn with its third Acorn Re earthquake bond in a renewal of a 2018 transaction.

The single tranche, parametric-triggered deal has a guide price of 2.5%-3%, which gives a 3.1x midpoint multiple of the 0.89%

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