Selective scales High Point bond size by 62.5% as spread settles at 5.75%
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Selective scales High Point bond size by 62.5% as spread settles at 5.75%

stack of one hundred dollars notes

Selective Insurance Company of America has increased the size it is seeking for its debut cat bond, High Point Re, by up to 62.5%, with the spread settling at 575 basis points (bps).

The cedant is seeking $300mn-$325mn for High Point Re Series 2023-1, an increase from the $200mn it was initially after, Insurance Insider ILS understands.

The

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