Our preliminary analysis has revealed key insights about COSAINT IVT PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
COSAINT RE
64202
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This is only a preview of the TrustScore results for COSAINT IVT PTE. LTD., showcasing a few facets of its business that we have analysed.
Evolving Stage
A brand in its evolving stage is one that is actively growing, refining, and expanding its market presence. They have gained certain traction in establishing foothold in chosen markets. These brands have defined their core identity, mission, and values and is continuously working to scale their operations, reach new audiences and adapt to changing market dynamics. They are in the process of continuous improvement and innovation, and focusing on customers engagement and feedback.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. COSAINT IVT PTE. LTD. is relatively new, having been operational for less than a year. Companies that have been established for a longer period of time are generally considered more reliable and trustworthy.
COSAINT IVT PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting COSAINT IVT PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
COSAINT IVT PTE. LTD. may not have accessible contact information online, which dilutes engagement and credibility. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueFlorida headquartered insurer Universal Insurance Holdings is making progress with its mid-year reinsurance renewal with its first catastrophe bond, the $150 million Cosaint Re Pte. Ltd. (Series 2021-1) transaction oversubscribed by investor demand, according to its CEO Stephen J. Donaghy. Universal secured the Cosaint Re catastrophe bond back in March, with a successful first visit to the cat bond market capped by the deal increasing in size by 50% to $150 million while marketing, thanks to investors strong appetites for new issues. Discussing his company’s first-quarter 2021 results yesterday, CEO Donaghy described an 11.7% increase in revenue from the prior year to $262.8 million, while Universal also booked 12% top-line growth during the period.
29 April 2021
Both the Class A tranche issued through Sierra Ltd. (Series 2021-1) and the single tranche from Cosaint Re Pte. Ltd. (Series 2021-1) upsized by 50% while marketing, which saw both issuances eventually settle at $150 million. FEMA’s largest deal to date, FloodSmart Re Ltd. (Series 2021-1), was placed in the market at a size of $575 million; after the Class A and Class B tranches upsized by 64% and 67%, respectively. Japanese insurer Sompo’s latest market entry, Sakura Re Ltd. (Series 2021-1), completed at $400 million after both tranches upsized by 100% while marketing.
14 April 2021
Cosaint Re Pte. Ltd. will seek to issue a single tranche of Class A notes, the proceeds of which sale will be used to collateralize an underlying reinsurance agreement between Cosaint Re and UPCIC. The reinsurance protection will cover UPCIC against losses from named storms, so tropical storms and hurricanes, across all U.S. states where the company has exposure, which includes east and northeast coast states, Gulf Coast states where UPCIC operates and also Hawaii. However, we’re told that the vast majority of the exposure held within this Cosaint Re catastrophe bond will be in the state of Florida, Universal’s home.
The first catastrophe bond to be sponsored by Florida headquartered insurer Universal Insurance Holdings looks likely to upsize with the target now lifted by 50% to $150 million, while at the same time the price guidance for the Cosaint Re Pte. Ltd. (Series 2021-1) transaction has been lowered. Universal entered the catastrophe bond market for the first time with this Cosaint Re catastrophe bond at the beginning of the month, the first time we’ve listed a subsidiary of the insurer within our cat bond Deal Directory.
16 March 2021
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.