Buttonwood Re Ltd

With Mangrove Property Insurance recently securing its debut catastrophe bond transaction, the $111 million Buttonwood Re Ltd. (Series 2026-1) issuance, Stephen Weinstein, Chief Executive Officer and Founder of the firm has highlighted how the inaugural catastrophe bond represents “an important milestone” for the company.

Mangrove Property Insurance has successfully secured an upsized $111 million of named storm reinsurance protection from its debut Buttonwood Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with all four tranches of notes pricing for spreads at the bottom ends of initial guidance or lower, Artemis can report.

Mangrove Property Insurance continues to target between $100 million and $111 million of named storm reinsurance protection from its debut Buttonwood Re Ltd. (Series 2026-1) catastrophe bond sponsorship, but the company seeks to capitalise on investor appetite and has lowered and adjusted the price guidance for the notes on offer again, Artemis has learned.

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.