SafePoint and Cajun scale Nature Coast Re cat bond to $165mn-$225mn
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SafePoint and Cajun scale Nature Coast Re cat bond to $165mn-$225mn

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SafePoint Insurance Company and Cajun Underwriters Reciprocal Exchange have increased the coverage they are seeking for its Nature Coast Re cat bond to $165mn-$225mn.

The size of the bond, which covers named storms in Florida and Louisiana, was initially set at $150mn.

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


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