Fidelis Insurance Group Sponsors New Herbie Re Ltd. Catastrophe Bond
Fidelis Insurance Holdings Limited (FIHL)
Company Research
Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (NYSE:FIHL) (“Fidelis Insurance Group” or “the Company”), a global specialty insurer, announced today that Fidelis Insurance Bermuda Limited (“FIBL”) has successfully closed a new catastrophe bond through the issuance of the Series 2024-2 Class A Principal-at-Risk Variable Rate Notes (the “Class A Notes”), the Series 2024-2 Class B Principal-at-Risk Variable Rate Notes (the “Class B Notes”) and the Series 2024-2 Class C Principal-at-Risk Variable Rate Notes (the “Class C Notes) (together, the “Series 2024-2 Notes”) by its Herbie Re Ltd. program (“Herbie Re”).This is the sixth series of notes issued by Herbie Re and will provide the Fidelis Insurance Group with $375 million of collateralized reinsurance protection. The Series 2024-2 Notes issued will be exposed to insured industry losses resulting from Named Storm and Earthquake Covered Events occurring in the fifty states of the United States and the District o
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FIHL
Earnings
- 11/12/24 - Beat
FIHL
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 6-K
- 11/8/24 - Form SC
- FIHL's page on the SEC website