Armor Re II Ltd

We’re told that the latest catastrophe bond from United Insurance Holdings (UPC Insurance) Armor Re II Ltd. (Series 2020-1) has failed to get sufficient investor support, so was pulled from the market and now won’t be issued.

United Insurance Holdings (UPC Insurance) is back in the insurance-linked securities (ILS) market for a fresh catastrophe bond issue for 2020, bringing a $130 million multi-peril Armor Re II Ltd. (Series 2020-1) transaction to market as it looks to expand on its capital markets backed reinsurance cover.

The latest catastrophe bond to be sponsored by United Insurance Holdings (UPC Insurance) has halved in size, we’re told, as pricing expectations moved to the top-end of expectation, leading to a tranche being pulled and the insurer likely opting to place the remainder of the cat bond in another form.

United Insurance Holdings (UPC Insurance) is back with a new catastrophe bond for 2019, Armor Re II Ltd. (Series 2019-1), and it should be the firms largest yet at an expected $200 million or greater in size.

United Insurance Holdings (UPC Insurance) is now set to achieve very efficient price execution with its latest catastrophe bond issuance, the $100 million sized Armor Re II Ltd. (Series 2018-1) which has now priced at the bottom end of already slashed guidance.

United Insurance Holdings (UPC Insurance) latest catastrophe bond looks set to achieve efficient execution as the coupon price guidance range has been slashed on its still $100 million sized Armor Re II Ltd. (Series 2018-1) cat bond issue.

United Insurance Holdings (UPC Insurance), the Florida headquartered expansive primary insurance group, is returning to the capital markets in search of reinsurance protection with a currently $100 million sized Armor Re II Ltd. (Series 2018-1) catastrophe bond issuance.