U.S. primary insurer Safepoint Insurance Company has now priced its latest catastrophe bond issue, with the Nature Coast Re Ltd. (Series 2023-1) issuance now fixed to provide the company $195 million in named storm reinsurance protection.
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U.S. primary insurer Safepoint Insurance Company is the latest to seek to upsize a new catastrophe bond issue, with the target for named storm reinsurance protection from the Nature Coast Re Ltd. (Series 2023-1) issuance lifted to between $165 million and $225 million, we understand.
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U.S. primary insurer Safepoint Insurance Company has returned to the catastrophe bond market seeking at least $150 million of named storm reinsurance protection from a Nature Coast Re Ltd. (Series 2023-1) issuance.
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