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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 →

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 →