Mapfre Re secures debut Recoletos Re cat bond at upsized $125m and reduced pricing
Mapfre Re has now successfully priced its debut catastrophe bond, with the Recoletos Re DAC (Series 2024-1) issuance now secured to provide the reinsurance company with an upsized $125 million of retrocession, with the notes priced below the initial guidance range that had been offered. Spanish global reinsurance company Mapfre Re ventured into the catastrophe bond market for […]