Convex gets 50% upsized $150m Hypatia cat bond priced ~22% under guidance
30th March 2023Convex Group, the specialty insurance and reinsurance company, has now successfully executed on its latest catastrophe bond, with the new Hypatia Ltd. (Series 2023-1) issuance coming in 50% larger than the initial target to provide $150 million of protection, while the notes were priced around 22% below the initial mid-point of spread guidance.
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