Andover Companies gets debut cat bond at upsized $175m with 19% price drop
24th March 2023The Andover Companies, a large mutual insurance group in the Northeast US, has now priced its debut Locke Tavern Re Ltd. (Series 2023-1) catastrophe bond issuance at the top-end of the target size range of $175 million, while also securing below guidance pricing for the coverage.
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