Buttonwood Re Ltd

Mangrove Property Insurance is now aiming to secure up to $111 million of named storm reinsurance protection from its first Buttonwood Re Ltd. (Series 2026-1) catastrophe bond issuance, while the price guidance has been adjusted for each of the tranches of notes being offered, Artemis has learned.

Mangrove Property Insurance, a company that launched to offer homeowners’ insurance in Florida in early 2025, is now seeking to sponsor its debut catastrophe bond, seeking $100 million of named storm reinsurance from its first Buttonwood Re Ltd. (Series 2026-1) issuance, Artemis has learned.