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Slide Issues Landmark Cat Bond for Reinsurance
Worth Insurance is excited to announce the issuance of a landmark catastrophe bond by Slide Insurance, a leading technology-driven insurance company. This innovative financial instrument will provide crucial reinsurance protection for named storms and hurricanes impacting Florida and South Carolina. The cat bond, with a total value of $210 million, represents the largest issuance ever undertaken by Slide. It signifies the company's continued commitment to leveraging technology to enhance risk mitigation strategies for the insurance industry.