Allied World secures upsized $275m 2001 CAT Re bond with 14% price drop
15th November 2023Allied World Assurance Company (AWAC) has successfully priced its latest catastrophe bond, securing the upsized target for $275 million of reinsurance protection from its 2001 CAT Re Ltd. (Series 2023-1) renewal transaction, while the spread was priced roughly 14% below the mid-point of initial guidance.
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