The Hanover Insurance Group has now finalised its new Commonwealth Re Ltd. (Series 2023-1) catastrophe bond issuance to secure the 20% upsized target for $150 million of protection, while pricing the notes at the bottom-end of initial guidance.
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US primary insurer The Hanover Insurance Group, Inc. has lifted the target for its new Commonwealth Re Ltd. (Series 2023-1) catastrophe bond to $150 million, while at the same time the price guidance range has been narrowed, we understand.
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US primary insurer The Hanover Insurance Group, Inc. has returned to the catastrophe bond market for what will be its second time, seeking $125 million or more in US Northeast named storm reinsurance protection with this Commonwealth Re Ltd. (Series 2023-1) issuance.
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