Catlin unit launches cat bond
Catlin Group has announced that Catlin Insurance Company of Bermuda intends, subject to completion of contractual arrangements, to enter a catastrophe swap agreement that would provide it with coverage of up to $200.25m in the event of a series of severe natural catastrophes.
The innovative transaction would provide Catlin with competitively priced and fully collateralised protection against severe natural catastrophes. This transaction would complement the protection that
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