Cincinnati Financial raises and widens cat bond cover

Cincinnati Financial's insurance unit renewed its Skyline Re
cat bond as a private placement, raising $180mn of reinsurance
limit and expanding its coverage, JLT Capital Markets said.The announcement followed statements by company executives who said
that the insurance segment had replaced a $100mn 2014 cat bond with
collateralised reinsurance. They made the comments during a
conference call with analysts on fourth-quarter earnings.
Skyline Re 2017-1 raised $180mn of indemnity limit split into
t