Titania Re prices around 8% below mid-point of initial guidance

20 February 2023

Ariel Re’s latest Titania Re cat bond has priced below the mid-point of original guidance by around 8% as the firm secured $125mn of coverage, $10mn higher than its initial $115mn target.

The bond will offer index-based coverage for Ariel Re’s Lloyd’s Syndicate 1910, split across $75mn of Class A notes and $50mn Class B notes.

The

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