Nationwide secures $300m Aquila Re I cat bond at below-guidance pricing
11th May 2023U.S. primary insurer Nationwide Mutual Insurance Company has now secured a doubling in size of its new catastrophe bond, with the Aquila Re I Ltd. (Series 2023-1) transaction set to provide the insurer $300 million of multi-peril reinsurance, while pricing of all the notes was finalised at levels below the initial spread guidance.
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