Hypatia Ltd

Convex 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.

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.

Convex Group, the specialty insurance and reinsurance company founded by Stephen Catlin, has successfully secured $300 million of reinsurance from the capital markets through its first ever catastrophe bond issuance, the Hypatia Ltd. (Series 2020-1) multi-peril retro transaction.

The target size for the first catastrophe bond transaction to be sponsored by Convex Group has been increased, with sources now saying that the Hypatia Ltd. (Series 2020-1) multi-peril retro transaction is likely to double to $300 million, we can reveal.

Convex Group, the specialty insurance and reinsurance company founded by Stephen Catlin, is sponsoring its first catastrophe bond transaction, bringing a $150 million Hypatia Ltd. (Series 2020-1) multi-peril retro transaction to market.