Manatee Re Ltd. (Series 2015-1)

Once again the market is showing its position on price, as Florida takeout insurer Safepoint Insurance Company’s first catastrophe bond Manatee Re Ltd. (Series 2015-1) prices at the top end of guidance at an increased size of $100m.

Florida takeout (or depopulation) insurer Safepoint Insurance Company is entering the catastrophe bond market for the first time to sponsor Manatee Re Ltd. (Series 2015-1), a $75m Florida named storm cat bond.