merna re iii

When we said back in July that a Merna Reinsurance III Ltd. catastrophe bond issuance was likely, what we of course meant was that it had already been issued… It transpires that the formation of Merna Reinsurance III Ltd. as a licensed entity in Bermuda was for a very specific, single investor catastrophe bond issued […]

It looks like we will see a third transaction from State Farm in the Merna Reinsurance series of catastrophe bond deals. Merna Re, the first deal was issued in June 2007 and Merna Re II was issued in April 2010. That sets the scene for a deal every three years  as one transaction expires and […]