Purple Re Ltd. Series 2025-1

Florida-headquartered Slide Insurance Company has now lifted its catastrophe bond supported, multi-year reinsurance to $660 million for the coming hurricane season, after its largest cat bond sponsorship so far with the $250 million Purple Re Ltd. (Series 2025-1) transaction, its CEO Bruce Lucas has highlighted.

Florida-headquartered Slide Insurance Company has now successfully priced what will be its largest catastrophe bond yet, securing the targeted $250 million of named storm reinsurance through its new Purple Re Ltd. (Series 2025-1) transaction, Artemis has learned.

Tech-enabled property insurance company Slide Insurance remains on-track to secure what will be its largest catastrophe bond yet, still aiming for $250 million of reinsurance through the Purple Re Ltd. (Series 2025-1) transaction, while the price guidance has been updated in the lower-halves of the initially targeted ranges, Artemis has learned.

Tech-enabled property insurance firm Slide Insurance Company has returned to the catastrophe bond market to sponsor what looks set to be its biggest issuance to-date, with a $250 million target for named storm reinsurance through a Purple Re Ltd. (Series 2025-1) transaction.