The Hanover raises Commonwealth Re target by 20% to $150mn
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The Hanover raises Commonwealth Re target by 20% to $150mn

Liz Bury
06 June 2023
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The Hanover has increased the target limit on its Commonwealth Re cat bond by 20% to $150mn, as the pricing nudged down by about 3% at the midpoint of guidance to 4%-4.25%, this publication understands.

The bond will provide indemnity, per-occurrence coverage for named storm across 13 states in the US northeast.

The coverage is for Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont and...

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Topics

News Catastrophe bonds Re/insurers
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