First Coast Re Ltd Series 2017-1

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Security First settles for $175m First Coast Re cat bond at low pricing

Florida’s Security First Insurance Company has settled for $175 million of collateralized reinsurance coverage from its First Coast Re Ltd. (Series 2017-1) catastrophe bond transaction, with final pricing terms achieved at the bottom of a reduced range.The First Coast Re 2017-1 transaction will provide Security First with reinsurance protection against read the full article →

Security First targets up to $200m for First Coast Re cat bond, price drops

Florida's Security First Insurance Company looks set to capitalise on attractive catastrophe bond market issuance conditions with its First Coast Re Ltd. (Series 2017-1), as the target size for the transaction increased while the price guidance has been lowered, we understand.At launch, Security First was targeting $150 million of fully-collateralized read the full article →

Security First Insurance returns with $150m First Coast Re 2017 cat bond

Security First Insurance Company is returning to the insurance-linked securities (ILS) market with its second transaction, seeking $150 million of fully-collateralized reinsurance protection from the capital markets through a First Coast Re Ltd. (Series 2017-1) issuance.For its second cat bond Security First Insurance is again accessing the capital markets with read the full article →