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28 June 2024Insurance

Slide lands large credit facility to spur growth, a record for Florida

US-based Slide Insurance Company has secured a credit facility worth $175 million to provide capital to support the company’s organic and inorganic growth initiatives. It’s CEO claims it is one of the largest loans ever made to a Florida insurer.

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More on this story

Reinsurance
24 May 2024   The programme covers all perils, third event-risks over 175-year protection.
Reinsurance
10 April 2024   Purple Re 2024-1 provides 40% more in fully collateralised reinsurance than the initial target.
Alternative Risk Transfer
14 July 2023   The additional cat bond protects Slide up to a 200-year return period, ‘well above’ mandates.