Fidelis Insurance Group’s Herbie Re 2021-1 cat bond a full loss
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Fidelis Insurance Group’s Herbie Re 2021-1 cat bond a full loss

PCS's loss estimate for the March Missouri SCS pushed the bond beyond its exhaustion point.

By Jai Singh
June 16, 2025
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Fidelis Insurance Group’s Herbie Re 2021-1 catastrophe bond is now deemed a full loss, with Property Claims Services (PCS) issuing a second loss estimate for the March Missouri SCS that pushed losses beyond the bond's exhaustion point for the...

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Topics

Catastrophe losses News Fidelis Property treaty ILS managers Catastrophe bonds US Midwest US Southeast/Gulf Florida California
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