Nationwide Mutual has returned to the catastrophe bond market with a renewal of its Caelus Re transaction. The new $200m deal is dubbed Caelus Re II Ltd. and is expected to close this week.
Read the full article
The second Ibis Re Ltd. catastrophe bond transaction from Assurant Inc. has now closed. The deal upsized significantly (by 50%) to $150m from the initial value of $100m that was marketed. Assurant took advantage of the demand within the marketplace to secure an increased level of cover for itself.
Read the full article
