Ariel Re incorporates $60,000 carbon offset into latest Titania Re cat bond
Ariel Re’s latest Titania Re cat bond issuance incorporated a $60,000 carbon offset feature which is a first of its kind, the reinsurer has said.
The bond was placed last week, providing Ariel Re with $125mn of collateralised reinsurance cover for named storms and earthquakes in the US, Puerto Rico, US Virgin Islands and Puerto Rico.
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