Cosaint Re Pte. Ltd

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Universal grows cat reinsurance tower to $3.4bn. Nephila a key market again

Universal Insurance Holdings, the Florida headquartered and expansive primary insurance carrier, has purchased the largest catastrophe reinsurance tower in its history for the second year running, lifting its Florida first-event cover to over $3.4 billion. The insurance carrier continues to count insurance-linked securities (ILS) investment manager Nephila Capital as a key read the full article →

Universal’s first cat bond oversubscribed, reinsurance renewal progressing: CEO

Florida headquartered insurer Universal Insurance Holdings is making progress with its mid-year reinsurance renewal with its first catastrophe bond, the $150 million Cosaint Re Pte. Ltd. (Series 2021-1) transaction oversubscribed by investor demand, according to its CEO Stephen J. Donaghy. Universal secured the Cosaint Re catastrophe bond back in March, with read the full article →

Universal’s Cosaint Re cat bond sees pricing fall below guidance

Florida headquartered insurer Universal Insurance Holdings now looks likely to secures its first catastrophe bond, the Cosaint Re Pte. Ltd. (Series 2021-1) transaction, with pricing below the low-end of initial guidance, adding another cat bond deal to the list of those pricing down. As we said earlier today, every property catastrophe read the full article →

Universal’s Cosaint Re cat bond target lifted to $150m, while pricing drops

The first catastrophe bond to be sponsored by Florida headquartered insurer Universal Insurance Holdings looks likely to upsize with the target now lifted by 50% to $150 million, while at the same time the price guidance for the Cosaint Re Pte. Ltd. (Series 2021-1) transaction has been lowered. Universal entered the read the full article →

Universal targets first cat bond with $100m Cosaint Re from Singapore

Universal Insurance Holdings, the Florida headquartered, nationally expansive U.S. primary insurance carrier, has entered the catastrophe bond market for the first time with a $100 million Cosaint Re Pte. Ltd. (Series 2021-1) transaction that is being issued out of Singapore. Universal has always been a significant user of the capital markets read the full article →