AmTrust seeks $100mn cat bond debut

AmTrust Financial Services has joined the list of first-time cat
bond sponsors in 2017 as it seeks to raise $100mn from Fortius Re
II, according to Trading Risk sources.
The proposed insurance-linked securities (ILS) issuance would
cover its subsidiaries against named storms and earthquake losses
in the US and Canada.
The deal could be used to provide either indemnity
per-occurrence cover for the carrier's property book or to
insure its workers' compensation portfolio against US quake
risks on a