Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Aspen latest reinsurer to seek cat bond cover

  • Sofia Geraghty 10 April 2018
  • Aspen Bermuda has returned to the cat bond market for the first time since the 2008 financial crisis, as it seeks to raise $150mn to cover US and European catastrophe risk, sister publication Trading Risk has reported.

    The deal joins a number of other ILS issuances in the pipeline in a busy second-quarter prelude to the hurricane season.

    Other deals currently being marketed include one for Floridian carrier UPC, a new Pelican Re bond for Louisiana Citizens, one from American...

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