Cranberry Re Ltd. (Series 2015-1)

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Cat bonds instrumental in transforming MPIUA’s reinsurance cover

For the Massachusetts Property Insurance Underwriting Association (MPIUA), which recently completed its second catastrophe bond Cranberry Re Ltd. (Series 2015-1), the capital markets and ILS investors have been instrumental in transforming its reinsurance protection."Catastrophe bond capacity has been instrumental this year in MPIUA’s transformation from a per occurrence to annual read the full article →

Cranberry Re cat bond upsizes to $300m, prices at low-end of guidance

The Massachusetts Property Insurance Underwriting Association (MPIUA) latest catastrophe bond  Cranberry Re Ltd. (Series 2015-1) has upsized by 50%, growing to $300m before close, while the pricing settled at the low-end of guidance.Cranberry Re is the first cat bond from the MPIUA, the Massachusetts state wind pool property insurer for read the full article →

Cranberry Re 2015-1 cat bond launched for Massachusetts MPIUA

The Massachusetts Property Insurance Underwriting Association (MPIUA) is returning to the catastrophe bond market with a $200m deal named Cranberry Re Ltd. (Series 2015-1), which is being sponsored on the MPIUA's behalf by Hannover Rück SE.The MPIUA is the wind pool property insurer for those unable to access traditional insurance read the full article →