Pacifica secures EUR160mn Taranis Re cover priced ~12% above guidance
Pacifica’s debut cat bond Taranis Re has priced at around 12% above the guided ranges for the Class A and Class B notes, this publication understands.
The Class A notes will provide ultimate-net-loss (UNL), per-occurrence coverage for windstorm and hail, for metropolitan France, Monaco and Andorra, and the Class B notes will provide UNL, annual aggregate coverage on a second-event basis for windstorm.
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