SafePoint Insurance Company has lowered the target size for its new Nature Coast Re Ltd. (Series 2024-1) catastrophe bond to $50 million, while at the same time the pricing of the notes has risen, Artemis has learned.
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SafePoint Insurance Company is back in the catastrophe bond market seeking $75 million or more in reinsurance from a Nature Coast Re Ltd. (Series 2024-1) cat bond issuance, that is designed to provide broader coverage across more coastal US states and this is the first cat bond we’ve ever seen the Acrisure Re name appear […]
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