23 February 2024Alternative Risk Transfer

New Herbie Re cat bond ‘critical’ to capital and protection strategy: Fidelis

Bermuda-based Fidelis Insurance Holdings has closed a new Herbie Re catastrophe bond, granting the firm with $150 million of collateralised reinsurance protection. The chief underwriters emphasised that these cat bonds are a “critical component” of its capital management and protection strategy, enabling it to capitalise on opportunities across catastrophe exposed lines of business in 2024 and beyond.

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Alternative Risk Transfer

‘Control of risk’ replaces ‘cost of insurance’ - Bermuda’s captives must react

2 April 2026 Capital shifts are driving Bermuda captives to reposition: in an increasingly competitive environment, can the domicile keep pace with a changing landscape?

Alternative Risk Transfer

Non-life cat bond capacity already exceeds last year’s total: Gallagher Re

1 April 2026 But softening returns see investors taking on riskier tranches.

Alternative Risk Transfer

Cat bond deals match 2025 record pace at $6.1bn Q1 to grease the 1/4

1 April 2026 Competitive cat bond deals begin drilling down to lower levels of property cat towers: Aon.