US primary insurance giant State Farm has been back in the catastrophe bond market for additional capital markets supported catastrophe reinsurance in recent weeks, securing $450 million of protection across two series of notes issued, to provide multi-peril coverage to the company.
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Bid prices have recovered somewhat for a number of catastrophe bond positions that had been deemed particularly exposed to potential losses from hurricane Ian, with a number of the most Florida wind exposed positions appreciating in the last week, as well as the NFIP’s flood cat bonds.
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We wanted to provide a list of catastrophe bond names, for those transactions that are currently felt to be most at-risk of losses after major hurricane Ian’s landfall in Florida.
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The two recently issued Merna Re catastrophe bonds sponsored by US primary insurance giant State Farm both covered peak peril US hurricane risks, we understand, with one bond having a Florida focus and the other Texas.
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US primary insurance giant State Farm has returned to the catastrophe bond market and secured $500 million of US property catastrophe reinsurance protection from two series of Merna Re II cat bond notes, with a $200 million Merna Re II Ltd. (Series 2022-2) and $300 million Merna Re II Ltd. (Series 2022-3) issuances.
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US primary insurance giant State Farm has sponsored its first 144A catastrophe bond of 2022, with a $300 million Merna Re II Ltd. (Series 2022-1) issuance demonstrating its continued appetite for capital markets backed reinsurance protection.
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Here are the ten most popular news articles, week ending 27th June 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.
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Further demonstrating how attractive the catastrophe bond market is for sponsors right now, US primary insurance giant State Farm has returned to the 144A catastrophe bond market for its second issuance in just two months, completing a $300 million Merna Re II Ltd. (Series 2021-2) deal in recent days.
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Here are the ten most popular news articles, week ending 11th April 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.
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US primary insurance giant State Farm has again returned to the 144A catastrophe bond market for another slice of New Madrid earthquake reinsurance protection to sponsor its latest capital markets deal, a $350 million Merna Re II Ltd. (Series 2021-1) issuance.
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