MPIUA returns to cat bond market seeking $175mn of Mayflower Re limit
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MPIUA returns to cat bond market seeking $175mn of Mayflower Re limit

Abbie Day
12 June 2023
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Massachusetts Property Insurance Underwriting Association (MPIUA) is looking to raise $175mn of named storm, severe thunderstorm and winter storm coverage through a Mayflower Re cat bond issuance.

The bond, which is fronted by Hannover Re, is offered in two tranches with $75mn of Class A notes and a further $100mn of Class B notes.

The

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News Catastrophe bonds Property
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