Marlon Ltd

Private investment firm Gallatin Point Capital LLC is persisting with a $150 million target for Florida hurricane protection from its debut Marlon Ltd. (Series 2024-1) catastrophe bond issuance, but the pricing has been raised for both of the tranches of notes on offer, Artemis has learned.

An interesting new catastrophe bond transaction has come to light, as we’ve learned private investment firm Gallatin Point Capital LLC is to become the beneficiary of a cat bond to transfer some Florida hurricane risk from its investment portfolio, with a $150 million target for the Marlon Ltd. (Series 2024-1) issuance.