Winston Re Ltd. Series 2024-1

Florida homeowner and commercial property insurance underwriter, the Tower Hill Insurance Exchange, has now secured the targeted doubling in size for its debut Winston Re Ltd. (Series 2024-1) catastrophe bond, with the issuance set to complete at the upper-end target of $400 million, while pricing proved to be below the initial mid-point of guidance.

We’re told that Florida homeowners and commercial property insurance underwriter, the Tower Hill Insurance Exchange, is now honing in on a strong execution for its debut Winston Re Ltd. (Series 2024-1) catastrophe bond issuance, with the size target narrowed and pricing looking improved.

Florida homeowners and commercial property insurance underwriter, the Tower Hill Insurance Exchange, is aiming to double the size of its debut catastrophe bond, with its target for Florida named storm reinsurance from the Winston Re Ltd. (Series 2024-1) issuance now lifted to $400 million.

Tower Hill Insurance Exchange, a Florida homeowners and commercial property insurance underwriter, has entered the catastrophe bond market with its debut transaction, seeking $200 million or more in Florida named storm reinsurance from this Winston Re Ltd. (Series 2024-1) issuance.