Collateralised reinsurance
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Its Class 13 and 14 notes priced roughly at the midpoint of expectations. -
Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.
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The bond will provide protection against Japanese flood and quake events.
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The bond will insure against named storms in eight US states.
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The firm has integrated a trustee bank API into the RUDDR platform.
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The deal is a large expansion on last year’s cat-bond coverage.
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The $175mn bond is priced lower than the original range set out in January.
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Pricing on Class A notes has reduced for a second time.
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The health insurer now expects to secure the lowest-risk tranche of its health bond for under a 3% spread.
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Improving the speed and efficiency of settlements is required to help the market grow.
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Allstate has expanded the size of the bond twice, now reaching $400mn.
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The bond will provide protection from named storms in Florida for three years.
