High-net worth insurance specialist unit and member of the Tokio Marine Group, PURE, has now secured its debut catastrophe bond at the slightly upsized $105 million, while the Ashera Re Ltd. (Series 2024-1) notes have been priced below the initial guidance, Artemis has learned.
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PURE, a high-net worth insurance specialist unit of the Tokio Marine Group, has raised the target size of its debut catastrophe bond to $105 million, while we understand that price guidance for the Ashera Re Ltd. (Series 2024-1) notes has been lowered.
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PURE, a high-net worth insurance specialist that is part of the Tokio Marine Group, has entered the catastrophe bond market for the first time, seeking $100 million or more in named storm and earthquake reinsurance from an Ashera Re Ltd. (Series 2024-1) issuance, Artemis has learned.
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