Watford Holdings Ltd - 8.50% PRF PERPETUAL USD 25

Watford Re is a specialty insurer and reinsurer that brings together underwriting and investment expertise. Watford Re launched its reinsurance operations in 2014 as a Class 4 insurer in Bermuda. They use a disciplined underwriting strategy providing capacity and solutions on a global basis. In 2015, Watford Re established their insurance operations to provide specialty products and solutions to an expanded client base. Watford Re partners with best-in-class underwriting and investment managers to combine a diversified insurance business with a tailored investment portfolio. This strategy leverages the expertise and global distribution of partners to enable them to offer innovative products at competitive terms to clients while generating an attractive return over time for shareholders.

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We take a look at the action in preferreds and baby bonds through the first short week of July and highlight some of the key themes we are watching. We highlight the steep fall-off yield dynamic of callable securities moving past their "par" price level.

Preferreds Market Weekly Review

News for Watford Holdings Ltd - 8.50% PRF PERPETUAL USD 25 Stock (WTREP)