MAPFRE RE successfully structures its first cat bond, Recoletos Re DAC
Reinsurance News - Dec 13, 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has announced it is sponsoring the issuance of a catastrophe bond of USD $125 million, issued through Recoletos Re DAC, an special purpose vehicle (SPV) incorporated in Ireland. This is MAPFRE RE’s first reinsurance protection li...
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