Conduit Re has now secured its debut catastrophe bond deal, with the company achieving the $100 million target for the Stabilitas Re Ltd. (Series 2023-1) retro reinsurance cat bond, while the notes have now been priced some 9% below the initial guidance mid-point.
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Conduit Re, the Bermuda headquartered global reinsurance company that launched for the 2021 underwriting year, is targeting lower pricing for its first and still $100 million Stabilitas Re Ltd. (Series 2023-1) catastrophe bond, that seeks to secure retrocession from the capital markets for the company.
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Conduit Re, the Bermuda headquartered global reinsurance company that launched for the 2021 underwriting year, has now entered the catastrophe bond market with a debut issuance, sponsoring a $100 million Stabilitas Re Ltd. (Series 2023-1) deal to secure retrocession from the capital markets, we can report.
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