Herbie Re Ltd. Series 2021-1

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Fidelis’ cat bonds & others marked as hurricane Ida loss expectations rise

Catastrophe bonds sponsored by specialty insurance and reinsurance company Fidelis Insurance Holdings Limited have been marked down by as much as 10%, or slightly more, as industry loss expectations for hurricane Ida rise, while some of the other exposed cat bonds have also seen more price declines. In addition, some of read the full article →

Fidelis secures upsized $150m Herbie Re cat bond at 5% price reduction

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance underwriter, has now successfully secured its latest Herbie Re Ltd. (Series 2021-1)  catastrophe bond at the upsized $150 million, while pricing of the notes fell by 5% below the initial mid-point of guidance. For Fidelis, the worldwide multi-peril retrocessional reinsurance risk profile read the full article →

Fidelis set to triple new Herbie Re cat bond to $150m in size

Specialty insurance and reinsurance company Fidelis Insurance Holdings Limited has tripled its target for its latest catastrophe bond, with the worldwide multi-peril protection from its Herbie Re Ltd. (Series 2021-1) looking set to grow to $150 million. Fidelis returned to the catastrophe bond market for its third transaction earlier this month, read the full article →

Fidelis seeks worldwide multi-peril cover from third Herbie Re cat bond

Fidelis has returned to the catastrophe bond market for its third transaction and with this currently $50 million Herbie Re Ltd. (Series 2021-1) deal the company is seeking to significantly expand the covered perils and territories included. In fact, this third catastrophe bond from Fidelis will be one of the broadest, read the full article →