Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018
Heritage to claim $104.4mn from cat bond investors
- 27 February 2018
Floridian carrier Heritage Insurance Holdings expects to claim $104.4mn from several tranches of its Citrus Re cat bond issuances following Hurricane Irma, sister title Trading Risk has learned.
The losses are spread across three cat bond layers which have been priced down on the secondary market since September last year.
One $35mn private layer, issued in 2017, is expected to be a full loss. The rest of the losses stem from a 68 percent loss to a $30mn Citrus Re...
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