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The state carrier is moving to redeem its 2022 Everglades issuance a year early. -
Roche joins from GC Securities, where he was senior vice president.
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The carrier is seeking to raise $100mn of coverage.
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The ILS executive will head up structuring for the Americas.
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The carrier is seeking named storm coverage in the state of Texas.
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Daniel Ineichen and Flavio Matter have been promoted to co-heads of ILS.
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Sources are expecting multi-billion new limit to be placed.
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The cat bond now has a pricing spread of 250-275 bps.
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The cat bond will initially cover named storms in Florida and South Carolina.
