Hypatia Ltd. Series 2023-1

We understand that the pricing guidance for Convex Group’s new Hypatia Ltd. (Series 2023-1)  catastrophe bond issuance has been lowered further, as the company targets the best possible execution.

Convex Group, the specialty insurance and reinsurance company, has raised the target for its new Hypatia Ltd. (Series 2023-1)  catastrophe bond issuance to as much as $150 million, a potential 50% increase, while aiming to lower the spread pricing below the initial guidance.

Convex Group, the specialty insurance and reinsurance company founded by Stephen Catlin, has returned to the catastrophe bond market for the second time in its history, with a $100 million or higher target for a Hypatia Ltd. (Series 2023-1)  cat bond issuance.