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Palomar expands Torrey Pines cat bond to $400mn

Houses in Houston suburb flooded from Hurricane
Houses in Houston suburb flooded from Hurricane, August 2018
Banphote Kamolsanei/Getty Images/iStockphoto

Palomar Insurance Holdings expanded its latest Torrey Pines Re cat bond by a third, to $400mn, as the deal is set to price at the bottom of its target range, Trading Risk understands.

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