Safepoint’s Manatee 2016-1 cat bond matures, $20m loss realised
29th March 2019Safepoint Insurance Company’s 2016 Manatee Re catastrophe bond has been matured, which we’re told allowed the $20 million reinsurance recovery to be made so investors could realise their losses from the hurricane Irma impacted Manatee Re 2016-1 Class C notes.
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