Blackstone seeks $250mn of Wrigley Re coverage for real estate portfolio
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Blackstone seeks $250mn of Wrigley Re coverage for real estate portfolio

Liz Bury
22 June 2023
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Private equity house Blackstone is offering a new Wrigley Re catastrophe bond sized at $250mn across two tranches, as it seeks coverage for its real estate portfolio.

Blackstone's previous Wrigley Re issuance raised $50mn of parametric, per-occurrence quake coverage in 2021.

The deal is offered by Blackstone's captive Gryphon Mutual Property and fronted by Hannover Re.

The

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News Catastrophe bonds Property
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