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Armor Re cat bond completes, rated and lists in Bermuda

The Armor Re Ltd. (Series 2013-1) catastrophe bond issuance for first-time cat bond sponsor American Coastal Insurance Company has now completed successfully. The one-year duration Armor Re cat bond provides American Coastal with a $183m source of fully-collateralized reinsurance capacity for named Florida storms using an indemnity trigger, so any read the full article →