Lapis 2025-1

Brit Limited, the specialty insurance and reinsurance player and part of the Fairfax group, has now secured its targeted $100 million in multi-peril North American catastrophe reinsurance protection from the new Lapis Series 2025-1 catastrophe bond issuance, with the notes priced at the bottom of reduced guidance.

Brit Limited, the specialty insurance and reinsurance player and part of the Fairfax group, is now aiming to secure its new catastrophe bond coverage at reduced pricing, as the still $100 million Lapis Series 2025-1 industry-loss triggered multi-peril deal has seen its price guidance lowered, Artemis has learned.

Brit Limited, the specialty insurance and reinsurance player and part of the Fairfax group, has returned to the catastrophe bond market for the first time since 2020, seeking $100 million or more in protection from a Lapis Series 2025-1 arrangement that is being issued using the Lloyd’s ILS structure London Bridge 2 PCC, Artemis has […]