Olympus Insurance Company’s successful sponsorship of its debut catastrophe bond, the $120 million Abacab Re Ltd. (Series 2026-1) issuance, which provides the firm with fully collateralized, multi-year protection, is set to further diversify Olympus’ sources of capital, while continuing to strengthen its ability to withstand extreme events, CEO Tim Stroble has said.
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Olympus Insurance Company, a Florida homeowners specialist, has now successfully secured $120 million of reinsurance protection from its debut Abacab Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with the notes priced approximately 23% below the mid-point of initial guidance, Artemis understands.
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Olympus Insurance Company, a Florida homeowners specialist, continues to seek between $100 million and $150 million of reinsurance limit from its Abacab Re Ltd. (Series 2026-1) catastrophe bond issuance, but the company continues to aim to capitalize on investor appetite and has lowered the price guidance for the notes on offer once again, Artemis has […]
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Olympus Insurance Company, a Florida homeowners specialist, is now aiming to upsize its debut catastrophe bond sponsorship, with the target size for the Abacab Re Ltd. (Series 2026-1) transaction now updated to between $100 million and $150 million of reinsurance limit, Artemis has learned.
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Olympus Insurance Company, a Florida homeowners specialist, has entered the catastrophe bond market for the first time, seeking to sponsor a $100 million Abacab Re Ltd. (Series 2026-1) transaction to secure a capital markets backed source of multi-year Florida named storm reinsurance protection, Artemis understands.
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