Mangrove Debuts Historic Hurricane Bond | Bermuda News

Mangrove Property Insurance just rang the bell at Bermuda’s Stock Exchange to launch its first catastrophe bond, Buttonwood Re — a $111 million hurricane protection shield for Florida homeowners, backed by 20+ new investors and designed to last multiple years. This bold move isn’t just about risk transfer; it’s a strategic leap to position Mangrove as a top reinsurer and investor magnet in the insurance-linked securities market, with CEO Stephen Weinstein hailing Bermuda as the global hub for such innovation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8de068bb408f18d7