Casablanca Re Pte. Ltd. Series 2020-1

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Avatar’s Casablanca Re cat bond term shortened to one-year

The term of Avatar Property and Casualty Insurance Company's latest catastrophe bond was shortened to one year just before its issuance, as the insurer settled for a single year of reinsurance coverage from the $65 million Casablanca Re Pte. Ltd. (Series 2020-1) transaction. The reason for the shortening of the term read the full article →

Avatar’s Casablanca Re cat bond amended to be issued at discount to par

Avatar Property and Casualty Insurance Company’s new $65 million Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe bond issuance has been amended so that the notes will now be issued at a discount to par, with the implication being a higher premium being offered to investors, it seems. The Casablanca Re Pte. read the full article →

Avatar’s new Casablanca Re cat bond sees 16%-18% price hike

Guide pricing for Avatar Property and Casualty Insurance Company's new $65 million Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe bond issuance has been hiked by 16%-18%, as insurance-linked securities (ILS) investors continue to demonstrate their requirement for higher returns and cat bond rates reflect the hardening Florida reinsurance market. We're told read the full article →

Avatar returns with $65m Casablanca Re cat bond issued from Singapore

Florida focused insurer Avatar Property and Casualty Insurance Company has returned to the catastrophe bond market for what will be its second ever issuance, with a currently $65 million Casablanca Re Pte. Ltd. (Series 2020-1) transaction to provide named storm reinsurance protection. The Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe bond read the full article →