Herbie Re Ltd. Series 2025-1

Having recently secured its upsized target of $90 million of worldwide aggregate retrocession through the new Herbie Re Ltd. (Series 2025-1)  catastrophe bond issuance, senior executives of Fidelis Insurance and managing general underwriter (MGU) Fidelis Partnership have hailed the beneficial protection and capital support it provides.

Fidelis Insurance has now secured its upsized target of $90 million of worldwide aggregate retrocession through the new Herbie Re Ltd. (Series 2025-1)  catastrophe bond issuance, while the notes have now been priced at the low-end of initial guidance, Artemis can report.

Fidelis Insurance has raised the target size for its new catastrophe bond to provide $90 million of worldwide aggregate retrocession through the Herbie Re Ltd. (Series 2025-1)  issuance, while the price guidance for the notes has been updated at the low-end of guidance, Artemis has learned.

Fidelis Insurance has returned to the catastrophe bond market with an initial $75 million target to renew one of its maturing and also recently loss-affected sources of worldwide aggregate retrocession through a Herbie Re Ltd. (Series 2025-1)  cat bond issuance, Artemis has learned.