Florida Peninsula Insurance Company has now finalised details for its debut and upsized $150 million named storm reinsurance catastrophe bond deal, Palm Re Ltd. (Series 2024-1), with the notes pricing at a level almost 11% below the mid-point of initial guidance.
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Florida Peninsula Insurance Company has for a second time lowered the price guidance for its new $150 million debut named storm reinsurance catastrophe bond deal, Palm Re Ltd. (Series 2024-1).
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Florida Peninsula Insurance Company, one of the latest first time sponsors to enter the catastrophe bond market, is now seeking an upsized up to $150 million of named storm reinsurance from its debut Palm Re Ltd. (Series 2024-1) cat bond deal.
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Yet another first time catastrophe bond sponsor has come to market with its debut issuance, as Florida Peninsula Insurance Company seeks $100 million or more in named storm reinsurance from this Palm Re Ltd. (Series 2024-1) cat bond deal, Artemis can report.
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