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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 →

Merna Re V cat bond prices down, offers lowest quake yield ever

The price guidance on U.S. primary insurer State Farm's $300m Merna Re V Ltd. U.S. earthquake catastrophe bond has dropped to the low-end of the marketed range, Artemis understands, making it the lowest coupon for a U.S. quake cat bond ever.With Merna Re V providing protection for a very similar layer read the full article →

State Farm back with Merna Re V Ltd. U.S. quake catastrophe bond

U.S. primary insurer and regular insurance-linked securities sponsor State Farm is returning to the catastrophe bond market with its fifth Merna Re branded issuance, a $300m Merna Re V Ltd. U.S. earthquake cat bond.As soon as Artemis arrived in New York for the SIFMA Insurance and Risk Linked Securities conference this read the full article →

Merna Re IV cat bond upsizes to $300m, prices at lower end of expected range

U.S. primary insurer State Farm's latest catastrophe bond has seemingly been successful and has upsized during the marketing phase and pricing has dropped to the lower end of the suggested range. Merna Re IV Ltd. sees sponsor State Farm seeking a new source of earthquake reinsurance protection from the capital read the full article →

Merna Re IV cat bond seeking earthquake cover for State Farm

We now have some more details on the latest catastrophe bond to come to market which sees sponsor State Farm seeking a new source of earthquake reinsurance protection from the capital markets via a cat bond issuance. It's the fourth time that State Farm has gone to the cat bond read the full article →

State Farm pays $5 billion in catastrophe claims in 2011 so far

U.S. insurer State Farm says that it has paid its policyholders $5 billion so far during 2011 for catastrophe claims resulting from damage to homes, cars and other property caused by weather related catastrophes so far this year. State Farm, the largest U.S. insurer of homes and autos, says that read the full article →

State Farm approaching $2 billion in claims paid from April-May weather

The toll to U.S. insurers from the severe thunderstorms and tornadoes in April and May just keeps rising. At the end of May insurer State Farm announced that their claims payments made to clients in the wake of the severe weather were approaching $1 billion. Now, just 18 days later read the full article →

State Farm nears $1 billion in claims paid from April-May severe thunderstorms

Insurer State Farm, has announced that it has already paid close to $1 billion in claims to policyholders for damage caused by severe thunderstorm, hail and tornado damage in late April and early May. If categorized as one event State Farm say the three most devastating outbreaks would be the read the full article →