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Unread 05-28-2013, 06:36 PM   #1
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Default Florida Municipal Insurance Trust Issues $20 Million Cat Bond

A Florida insurance trust that provides property insurance and other products to cities around the state has issued a $20 million private placement catastrophe bond to help pay claims due to hurricanes. Towers Watson Capital Markets, a wholly-owned subsidiary of Towers Watson, said that the bond, Sunshine Re 2013-1, was issued on behalf of the Orlando, Fla.-based Florida Municipal Insurance ...




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