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Farmers renews $500m catastrophe contingent capital facility again

Farmers Insurance Exchange (Farmers) has successfully renewed its $500 million catastrophe contingent surplus loan note facility for the third time. The facility provides Farmers with an option to access the capital markets following a major catastrophe event.The $500m facility complements the capital structure of Farmers, and provides it with further read the full article →

Farmers Exchanges renews $500m contingent capital surplus note facility

The Farmers Exchanges, the third largest insurer of personal auto and homeowners insurance in the U.S., has announced the renewal of a $500m contingent capital facility designed to give them access to capital in the event of major catastrophe loss. Initially launched in 2007, the contingent capital facility gives the read the full article →