Nationwide Mutual targets doubling of new Aquila Re cat bond to $300mn
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Nationwide Mutual targets doubling of new Aquila Re cat bond to $300mn

Fiona Robertson
04 May 2023
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Nationwide Mutual has doubled the target size of its new Aquila Re cat bond to $300mn, as the expected pricing on the deal has fallen amid ongoing high investor demand for cat bonds, this publication understands.

As previously reported, the insurer has switched to an occurrence structure for this multi-peril cat bond, having previously raised aggregate cover under the Caelus series of bonds.

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