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International

Allied World sponsors first cat bond

November 11, 2020 Reprints

Bermuda-based insurer and reinsurer Allied World Assurance Company Holdings Ltd. is sponsoring its first catastrophe bond with a $150 million targeted issuance, Artemis reports. The 2001 CAT Re Ltd. (Series 2020-1) cat bond will provide multi-year protection against losses from U.S. named storm, Canada earthquake, U.S. thunderstorm and European windstorm risks.

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Allied World sponsors first cat bond

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