Fidelis Insurance Group Issues $75 Million Catastrophe Bond

Reuters
2026.01.22 21:15
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Fidelis Insurance Holdings Ltd. has successfully placed a $75 million catastrophe bond through Series 2026-1 Class A Principal-at-Risk Variable Rate Notes via the Herbie Re Ltd. program. This bond provides annual aggregate, industry-loss triggered protection against earthquake losses in the U.S. and D.C., with collateralized retrocessional reinsurance protection until the end of 2029. The transaction priced on January 16, 2026, and closed on January 22, 2026.