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 their previous Merna Re deal. […]
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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.
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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 and actually come to market […]
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