Casablanca Re Ltd

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Avatar’s Casablanca Re cat bond gets back to $100m at pricing

Floridian primary insurer Avatar Property and Casualty Insurance Company’s Casablanca Re Ltd. (Series 2017-1) catastrophe bond transaction is now set to complete at $100 million, as the size increased on all three tranches of notes before final pricing.The Casablanca Re 2017-1 cat bond had been targeting $100 million of fully-collateralized read the full article →

Casablanca Re cat bond shrinks to $87.7m before pricing

Floridian primary insurer Avatar Property and Casualty Insurance Company’s first catastrophe bond issuance has now shrunk slightly before final pricing, with the Casablanca Re Ltd. (Series 2017-1) transaction now set to secure $87.7 million of reinsurance coverage for the firm.The Casablanca Re 2017-1 cat bond had been targeting $100 million read the full article →

Pricing drops on higher risk Casablanca Re cat bond notes for Avatar

Price guidance has been reduced on the two higher risk tranches of notes to be issued in Floridian primary insurer Avatar Property and Casualty Insurance Company's first catastrophe bond issuance, the $100 million Casablanca Re Ltd. (Series 2017-1) transaction.Avatar, an expansive property insurer formed to serve the Florida market in read the full article →

Casablanca Re cat bond launched at $100m for Avatar P&C Insurance

Floridian primary insurer Avatar Property and Casualty Insurance Company is coming to market with its first catastrophe bond issue, a $100 million Casablanca Re Ltd. (Series 2017-1) transaction, as it seeks a capital market backed source of Florida named storm reinsurance coverage.The Casablanca Re 2017-1 cat bond is being brought read the full article →