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

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

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.

Fuel a smarter strategy with our actionable market intelligence

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

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.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PFZW’s ILS investments return 11.7% year-to-date

Cat bond volume of $495mn has come to the market

Milton: A proof of concept moment for ILS

Communicating ILS nuances will build trust among end-investors: ILS Connect panel

CoreLogic pegs Milton insured loss at $17bn-$28bn