Manatee Re III Pte. Ltd

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Safepoint’s Manatee Re cat bond marked down significantly on Ida loss

Both tranches of Safepoint Insurance Company's most recent catastrophe bond, the $40 million Manatee Re III Pte. Ltd. (Series 2019-1) transaction, have now been marked down significantly in the secondary market on potential losses of principal driven by hurricane Ida's impacts. Safepoint's two tranches of catastrophe bond notes from the Manatee read the full article →

Safepoint under AM Best ratings review, a potential cat bond candidate

Florida headquartered and coastal property focused U.S. primary insurer Safepoint has had its ratings placed under review with negative implications by AM Best, who cited leverage related pressures from the holding company. AM Best said that both the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of read the full article →

Safepoint’s Manatee Re III cat bond shrinks to $40m, prices up

U.S. primary insurer Safepoint's latest catastrophe bond, the Manatee Re III Pte. Ltd. (Series 2019-1) transaction which is being issued out of Singapore, has shrunk to just $40 million in size, while pricing has been fixed above guidance. Safepoint’s newest and fourth catastrophe bond is one of the first full 144a read the full article →

Safepoint’s Manatee Re III cat bond price rising above guidance

The latest catastrophe bond from U.S. primary insurer Safepoint, the Manatee Re III Pte. Ltd. (Series 2019-1) transaction which is being issued out of Singapore, looks set for pricing above the initial guidance range, as investors demand more return for the risk they are taking on. Safepoint's latest and fourth catastrophe read the full article →

Safepoint visits Singapore for a $75m Manatee Re III catastrophe bond

U.S. primary insurer Safepoint is set to issue a new catastrophe bond in Singapore, as a $75 million Manatee Re III Pte. Ltd. (Series 2019-1) transaction launches to the market. This will be among the first full 144a catastrophe bond to be issued in Singapore under its new insurance-linked securities (ILS) read the full article →