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State Farm completes Merna Reinsurance II catastrophe bond

State Farm has completed it's latest catastrophe bond issue Merna Reinsurance II Ltd. The deal began being marketed at a value of $250m and completed at $350m. That's well below the mooted $400m-$700m that the market was expecting but we believe that was wishful thinking due to the size of read the full article →

S&P assign preliminary rating to Merna Re II catastrophe bond

Standard & Poor's have assigned a preliminary rating to State Farms new Merna Re II Ltd. catastrophe bond transaction. The deal designed to hedge a portion of State Farms earthquake risks has received a 'BB+' rating.Further details on the transaction have also emerged in S&P's press release. The cat bond read the full article →

State Farm preparing Merna Re II earthquake catastrophe bond

State Farm is planning a new catastrophe bond issue. Merna Re II Ltd. is designed to provide State Farm with protection against some of it's earthquake risks in the U.S. The deals initial size is said to be $400m but people close to the deal believe it could almost double read the full article →