Safepoint and Cajun seek $150mn of named storm cat bond cover
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Safepoint and Cajun seek $150mn of named storm cat bond cover

safepoint insurance logo abstract v2.jpg

SafePoint Insurance Company and Cajun Underwriters Reciprocal Exchange are seeking $150mn of cat bond coverage for named storm in Florida and Louisiana.

The coverage will be indemnity, per occurrence, with varying attachment and exhaustion levels for Florida and Louisiana.

The $75mn of Class A notes are offering a spread in the range of 900-1,000 basis points (bps), giving a mid-point multiplier of...

Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article