Assurant Obtains $130 Million of Catastrophe Bond Coverage

Assurant Inc. (AIZ), the insurer of foreclosed homes, obtained $130 million of natural-disaster protection through catastrophe bonds.

The deal protects the company against losses from hurricanes in Hawaii, Puerto Rico and the U.S. Gulf Coast and East Coast, New York-based Assurant said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Andrea Ludtke in New York at aludtke@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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