Home Featured Gallatin Point is seeking $150m Marlon Florida winds cat bonds to protect investment portfolio

Gallatin Point is seeking $150m Marlon Florida winds cat bonds to protect investment portfolio

0
Gallatin Point is seeking $150m Marlon Florida winds cat bonds to protect investment portfolio


The content of this page is owned by www.artemis.bm. It should not be reproduced anywhere else or there has been an infringement.

An interesting new catastrophe bond transaction has come to light, as we’ve learned private investment firm Gallatin Point Capital LLC is to become the beneficiary of a cat bond to transfer some Florida hurricane risk from its investment portfolio, with a $150 million target for the Marlon Ltd. (Series 2024-1) issuance.

Gallatin Point is a private equity and financial services focused investment firm that has made numerous investments into insurance and reinsurance companies, re/insurance distribution plays such as MGA/MGU’s, reinsurance sidecars and insurtechs.

Gallatin Point Capital, LLC’s first cat bond is a way to build relationships with investors in insurance-linked securities and secure capital markets-backed reinsurance coverage to help offset the Florida hurricane and named storm exposure within its portfolio of investments.

It’s an interesting use-case for the cat bond, but also one that makes perfect sense, as an investor such as Gallatin Point carries Florida wind exposure through its investments into the insurance and reinsurance sector,…



Continue reading…