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US primary insurer Hartford Fire Insurance Co's cat bond, Foundation Re III, has almost doubled in size to $180mn in marketing and priced at the low end of expectations, Trading Risk can reveal.

Following a familiar theme from 2009, the four-year US wind bond increased from its original $100mn target during marketing last week, to $180mn, according to sources.

The Class A notes, issued by Cayman Islands-based Foundation Re III, will pay the return on collateral in US Treasury money...

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