Universal seeks first cat bond with $100mn Cosaint Re

02 March 2021

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Floridian insurer Universal is looking to issue its first cat bond with the $100mn Cosaint Re transaction, Trading Risk understands.

The deal would provide per-occurrence coverage for the carrier against named storm risks attaching at $1.1bn of losses, across a $150mn reinsurance layer.

The

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Universal seeks first cat bond with $100mn Cosaint Re

Floridian insurer Universal is looking to issue its first cat bond with the $100mn Cosaint Re transaction, Trading Risk understands.

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Universal seeks first cat bond with $100mn Cosaint Re

Floridian insurer Universal is looking to issue its first cat bond with the $100mn Cosaint Re transaction, Trading Risk understands.

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Uncover exclusive insights tailored for insurance leaders

Topics

Louisiana Citizens bond Bayou Re upsizes 83% to $275mn

NC State researchers expect ‘active’ 2024 hurricane season

Allstate pegs March pre-tax cat losses at $328mn

PFZW’s ILS allocation drops 9% in Q1 to $8.3bn

Nat cat insured losses hit at least $20bn in Q1 2024: Gallagher Re