Universal looks to upsize debut cat bond to $150mn as pricing dips
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Universal looks to upsize debut cat bond to $150mn as pricing dips

Fiona Robertson
16 March 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

Universal Insurance Holdings is expected to upsize its debut Cosaint Re cat bond by $50mn to $150mn as pricing on the deal fell below its initial targets, Trading Risk understands.

The Florida-based regional insurer joins Security First in tapping up ILS market cover in an early start to the 1 June renewal season, which is expected to be another challenging one for the state market.

Universal

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

Catastrophe bondsCatastrophesNews
fiona robertson 2024 ii ils 2.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article