For the Massachusetts Property Insurance Underwriting Association (MPIUA), which recently completed its second catastrophe bond Cranberry Re Ltd. (Series 2015-1), the capital markets and ILS investors have been instrumental in transforming its reinsurance protection.
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The Massachusetts Property Insurance Underwriting Association (MPIUA) latest catastrophe bond Cranberry Re Ltd. (Series 2015-1) has upsized by 50%, growing to $300m before close, while the pricing settled at the low-end of guidance.
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The Massachusetts Property Insurance Underwriting Association (MPIUA) is returning to the catastrophe bond market with a $200m deal named Cranberry Re Ltd. (Series 2015-1), which is being sponsored on the MPIUA’s behalf by Hannover Rück SE.
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