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U.K.-based insurer Beazley PLC for the first time is seeking $100 million or more in protection with the issuance of a new property catastrophe bond, which will be issued using a Lloyd’s owned insurance-linked securities structure, Artemis reported. The Fuchsia 2023-1 Series 2023-1 will provide Beazley with a source of multi-year international property catastrophe reinsurance protection against losses from named storm and earthquake events affecting Canada, the U.S., and some parts of the Caribbean.