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Nationwide Mutual closes Caelus Re II cat bond at $185m

Nationwide Mutual has successfully closed it's second catastrophe bond deal under it's Cayman Islands SPV Caelus Re. Caelus Re II Ltd. is designed to provide Nationwide with three years of indemnity cover on a per-occurrence basis against hurricanes and earthquakes within the U.S.Initial reports on this catastrophe bond suggested it read the full article →