Chubb launches $200m three-year cat bond
Chubb has launched a $200m three-year catastrophe bond in an effort to protect it from natural disaster losses in North America, according to a release from US ratings agency S&P.
Cayman Islands-based East Lane Re will issue the bond, known as ‘East Lane II Ltd’, which will cover Chubb and its subsidiaries against various exposures in the whole of the United States and Canada
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