28 May 2024 – Fundamentals of ILS

Puerto Rico government seeking Parametric Re cat bond protection

The government of Puerto Rico is seeking $75 million in parametric insurance protection against the financial impacts of named storms and earthquakes from the capital markets, through a new Puerto Rico Parametric Re Ltd. (Series 2024-1) catastrophe bond transaction, Artemis has learned. This first Puerto Rico Parametric Re catastrophe bond is particularly notable as the first […]

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Day: 28 May 2024