New Jersey Manufacturers grows Lower Ferry Re by 9% to $190mn
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New Jersey Manufacturers grows Lower Ferry Re by 9% to $190mn

Liz Bury
26 June 2023
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New Jersey Manufacturers Insurance Company has grown the size of its Lower Ferry Re issuance by 9% to $190mn based on an upsizing of the Class A notes, as pricing settled toward the lower end of guidance across the A and B notes.

The cat bond will provide coverage on an indemnity, per-occurrence basis for any named storm affecting New Jersey, Pennsylvania, Delaware, New York, Connecticut, Maryland or Ohio.

The

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