Willis Capital Markets & Advisory's private cat bond platform Resilience Re has completed a $187mn deal, its largest transaction so far.
The Series 1712 issuance was made up of three tranches, two of which provided two-year reinsurance cover. The class A and B two-year notes raised $101mn and $35.99mn of limit respectively.
The class C notes raised $49.99mn of one-year cover. Each series of notes was listed on the Bermuda Stock Exchange (BSX).
The broker's Resilience Re platform is designed...
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