Cat bond lite market opens for 2022 with $25mn Silver Crane deal
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Cat bond lite market opens for 2022 with $25mn Silver Crane deal

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The first cat bond lite deal of 2022 has listed on Bermuda Stock Exchange in the form of $25mn class A notes in the Silver Crane deal.

The sponsor is Ocorian Securities and the issuer Artex SAC.

The deal follows a lively year for private ILS deals with $945.4mn

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