The Andover Companies has now secured $250 million of collateralized catastrophe reinsurance from its new Locke Tavern Re Ltd. (Series 2026-1) catastrophe bond sponsorship, more than replacing the soon to mature protection from its 2023 deal, Artemis can report.
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The Andover Companies is aiming to upsize its new catastrophe bond sponsorship, with the revised target now being to secure between $250 million and as much as $300 million of collateralized catastrophe reinsurance from the Locke Tavern Re Ltd. (Series 2026-1) issuance, Artemis can report.
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The Andover Companies has returned to the catastrophe bond market for its second sponsorship, looking to secure $200 million or more in collateralized catastrophe reinsurance from a Locke Tavern Re Ltd. (Series 2026-1) issuance that will renew and expand the cat bond protection from its soon to mature first issuance, Artemis can report.
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The 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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The Andover Companies, a large mutual insurance group in the Northeast US, is seeking even more favourable execution for its debut Locke Tavern Re Ltd. (Series 2023-1) catastrophe bond issuance, with the size target narrowed towards the upper-end, while a second update to spread guidance suggests a ~17% price drop is possible.
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The Andover Companies, a large mutual insurance group in the Northeast US, has increased the target size for its debut Locke Tavern Re Ltd. (Series 2023-1) catastrophe bond issuance, with now up to $175 million of reinsurance sought from the deal.
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The Andover Companies, one of the largest and longest-standing mutual insurance groups in the Northeast US, has entered the catastrophe bond market for the first time, seeking $125 million or more in collateralized catastrophe reinsurance from a Locke Tavern Re Ltd. (Series 2023-1) issuance.
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