Hypatia Ltd. Series 2026-1

Convex Group, the expansive global specialty insurance and reinsurance underwriter, has now successfully secured $175 million of multi-peril retrocessional protection from its new and fourth Hypatia Ltd. (Series 2026-1) catastrophe bond sponsorship, pricing the coverage at the mid-point of guidance, Artemis understands.

Convex Group, the expansive global specialty insurance and reinsurance underwriter, has reduced its target for the Hypatia Ltd. (Series 2026-1) catastrophe bond transaction to between $150 million and $175 million of retrocession, while the company aims to secure mid-guidance pricing for the tranche of notes on offer, this publication has learned.

Convex Group, the expansive global specialty insurance and reinsurance underwriter, has returned to the catastrophe bond market and has an initial target to secure $200 million or more in retrocession from its fourth catastrophe bond sponsorship, a Hypatia Ltd. (Series 2026-1)  issuance, Artemis can report.