Chubb places $250m East Lane Re Cat bonds
Global specialist insurer Chubb has bought securitised reinsurance worth $250m to protect its Northeastern US hurricane exposure over a four-year period, a ratings note from agency AM Best reveals.
Under the reinsurance agreements, East Lane Re, a newly created Cayman Islands exempted special purpose company, will provide Chubb with up to $250m of aggregate indemnity protection over a four year
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