Arch Re lifts Claveau Re cat bond target to between $125mn-$150mn
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Arch Re lifts Claveau Re cat bond target to between $125mn-$150mn

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Arch Reinsurance has told investors it will seek to raise between $125mn and $150mn for a new Claveau Re cat bond, in its first venture into the cat bond market for nat-cat risks.

Initially it said it would seek just $100mn for the deal which will trigger on an annual aggregate, industry loss index basis across a wide range of perils.

These

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