Caelus Re V Ltd. Series 2017-1

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Investors braced for growing Caelus cat bond losses

The insurance-linked securities (ILS) investor base is braced for the potential for losses to grow from U.S. primary insurer Nationwide Mutual Insurance Company’s $375 million Caelus Re V Ltd. (Series 2017-1) catastrophe bond, as the insurers aggregated natural catastrophe losses rise further.ILS and catastrophe bond investors have known they were on the read the full article →

Caelus cat bond losses expanding as Nationwide’s aggregates grow

A second tranche of U.S. primary insurer Nationwide Mutual Insurance Company's catastrophe bond has now been triggered as its aggregated natural catastrophe losses have eaten further into the capital market backed reinsurance provision that the $375 million Caelus Re V Ltd. (Series 2017-1) catastrophe bond provides.Nationwide's aggregated natural catastrophe losses, read the full article →

Nationwide Mutual seeks $300m Caelus Re V 2017 cat bond

U.S. primary insurer Nationwide Mutual Insurance Company is seeking to sponsor a $300 million Caelus Re V Ltd. (Series 2017-1) catastrophe bond, which will provide it with a new multi-year source of capital market backed catastrophe reinsurance protection.This will be Nationwide Mutual's sixth catastrophe bond issue since it first entered the read the full article →