Merna Re Ltd. (Series 2015-1)

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State Farm’s Merna Re 2015-1 cat bond to price at top of guidance

U.S. insurer State Farm's latest catastrophe bond, the $300m Merna Re Ltd. (Series 2015-1), is set to price at the top end of initial guidance Artemis understands, as investors again showed they are not prepared to take on a risk at any price.When it launched ten days ago the read the full article →

State Farm sponsoring Merna Re 2015-1, $300m New Madrid cat bond

U.S. primary insurer State Farm is back in the catastrophe bond market looking to expand its capital markets backed New Madrid earthquake protection by sponsoring  a $300m Merna Re Ltd. (Series 2015-1), which could become the lowest priced U.S. quake cat bond ever.State Farm has registered a new special purpose read the full article →