Hiscox gets first cat bond in 21 years at upsized $125m, priced 10% below mid-point
22nd December 2023Hiscox Group has now successfully secured its first catastrophe bond in over two decades upsized by 25% to provide $125 million in reinsurance cover, while the Ocelot Re Ltd. (Series 2023-1) cat bond notes priced around 10% below the mid-point of initial guidance.
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