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American Integrity pares back riskier cat bond layer
16 April 2018
American Integrity Insurance Company has slimmed down the target
size of a higher-risk tranche of its new Integrity Re cat bond, but
the insurer is still on track to close the largest layer of the ILS
deal below its target pricing.
The Florida deal follows two other transactions raised by local
insurers, the new Manatee Re and Armor Re for Safepoint and UPC
respectively, in setting competitive pricing even after Hurricane
Irma.
American Integrity expects to raise $75mn from the...
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