Insight and Intelligence on the London & International Insurance Markets 24 Jul 2017
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AmTrust seeks $100mn cat bond debut
- 4 July 2017
AmTrust Financial Services has joined the list of first-time cat bond sponsors in 2017 as it seeks to raise $100mn from Fortius Re II, according to Trading Risk sources.
The proposed insurance-linked securities (ILS) issuance would cover its subsidiaries against named storms and earthquake losses in the US and Canada.
The deal could be used to provide either indemnity per-occurrence cover for the carrier's property book or to insure its workers' compensation portfolio against US quake risks on a modelled...
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