Mayflower Re Ltd

The Massachusetts Property Insurance Underwriting Association (MPIUA) has now secured the top-end target for its new Mayflower Re Ltd. (Series 2023-1) catastrophe bond, to provide it $250 million in collateralized reinsurance, we understand.

A new Mayflower Re Ltd. (Series 2023-1) catastrophe bond has been launched to provide $175 million or more in multi-peril catastrophe reinsurance to the Massachusetts Property Insurance Underwriting Association (MPIUA).