Fidelis Insurance Bermuda Limited (FIBL) successfully closed a new catastrophe bond through the issuance of the Series 2025-1 Class A Principal-at-Risk Variable Rate Notes. This marks the seventh series of notes issued by its Herbie Re Ltd. program.
The issuance of these notes provides additional collateralized reinsurance protection, reinforcing Fidelis's capacity to manage significant risks. This strategy is crucial for maintaining a stable and robust reinsurance portfolio.
The continuous utilization of the Herbie Re program underscores Fidelis's disciplined approach to capital management and risk transfer. It allows the company to optimize its exposure to catastrophic events while supporting its underwriting activities.
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