The Hanover updates pricing on Commonwealth Re target at 4%
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The Hanover updates pricing on Commonwealth Re target at 4%

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The Hanover has settled pricing on its new Commonwealth Re cat bond at a 4% spread, at the low end of the range of previous pricing guidance of 4-4.25%, this publication understands.

Initially the carrier sought$125mn of coverage from the bond, with a pricing guidance of 4%-4.5%. This was then updated to an increased target limit of $150mn and a slightly lower pricing guidance of 4%-4.25%.

The

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