Cranberry Re Ltd. (Series 2017-1)

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Cranberry Re cat bond target rises again to $350m for Massachusetts MPIUA

The targeted issuance size for the Massachusetts Property Insurance Underwriting Association (MPIUA) latest catastrophe bond Cranberry Re Ltd. (Series 2017-1) has risen again to $350 million, while at the same time the price guidance has dropped to the bottom of the originally marketed range.The MPIUA is a wind pool property read the full article →

Cranberry Re cat bond target upped to $300m for Massachusetts MPIUA

The latest catastrophe bond to be sponsored by the Massachusetts Property Insurance Underwriting Association (MPIUA) looks set to increase in size, with the target size for the Cranberry Re Ltd. (Series 2017-1) deal now having been lifted to between $250 million and as much as $300 million.At the same time read the full article →

Cranberry Re 2017-1 cat bond targets $250m for Massachusetts MPIUA

A new catastrophe bond has been launched for the Massachusetts Property Insurance Underwriting Association (MPIUA), with Hannover Re acting as sponsor through its Hannover Rück SE entity. The Cranberry Re Ltd. (Series 2017-1) issuance targets a $250 million source of reinsurance for the MPIUA.The MPIUA is a wind pool property read the full article →