Slide Secures Additional $100 Million Cat Bond with Closing of Purple Re Ltd.
This is the second cat bond sponsored by Slide this year, following the debut of its $100 million Purple Re 2023-1 cat bond in April.
- This is the second cat bond sponsored by Slide this year, following the debut of its $100 million Purple Re 2023-1 cat bond in April.
- With the latest Purple Re cat bond, Slide secured an additional $100 million to expand its Florida and South Carolina named storm and hurricane reinsurance protection.
- The additional cat bond protects Slide to the 200 year return period, well above rating agency and regulatory mandates.
- In addition to the debut cat bond, Slide secured $35 million in additional capital through a senior credit facility with Regions Bank in June.