US primary insurance giant State Farm has returned to the catastrophe bond market and secured $500 million of US property catastrophe reinsurance protection from two series of Merna Re II cat bond notes, with a $200 million Merna Re II Ltd. (Series 2022-2) and $300 million Merna Re II Ltd. (Series 2022-3) issuances.
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State Farm sponsors $300m Merna Re II 2022-1 cat bond
NewsUS primary insurance giant State Farm has sponsored its first 144A catastrophe bond of 2022, with a $300 million Merna Re II Ltd. (Series 2022-1) issuance demonstrating its continued appetite for capital markets backed reinsurance protection.
State Farm sponsors a second, $300m Merna Re cat bond of 2021
NewsFurther demonstrating how attractive the catastrophe bond market is for sponsors right now, US primary insurance giant State Farm has returned to the 144A catastrophe bond market for its second issuance in just two months, completing a $300 million Merna Re II Ltd. (Series 2021-2) deal in recent days.
State Farm sponsors $350m New Madrid quake Merna Re II cat bond for 2021
NewsUS primary insurance giant State Farm has again returned to the 144A catastrophe bond market for another slice of New Madrid earthquake reinsurance protection to sponsor its latest capital markets deal, a $350 million Merna Re II Ltd. (Series 2021-1) issuance.
State Farm in $250m Merna Re II 2020-1 privately placed cat bond
NewsU.S. primary insurance carrier State Farm has returned to the capital markets to source fully collateralised reinsurance again, sponsoring a new $250 million privately placed and issued Merna Re II Ltd. (Series 2020-1) catastrophe bond transaction.
$300m Merna Re II 2019 catastrophe bond issued for State Farm
NewsU.S. primary insurance giant State Farm has once again privately syndicated and quietly issued its latest catastrophe bond, a $300 million Merna Re II Ltd. (Series 2019-1) securing the firm an expanded source of collateralized U.S. earthquake reinsurance protection.
State Farm sponsors new $300m Merna Re quake cat bond for 2018
NewsU.S. primary insurer State Farm has been back in the catastrophe bond market in recent weeks, with a privately syndicated Merna Re Ltd. (Series 2018-1) cat bond transaction that successfully secured the firm a $300 million source of fully-collateralized U.S. earthquake reinsurance protection.
State Farm secures $300m of quake cover with Merna Re 2017-1 cat bond
NewsState Farm has again secured its latest catastrophe bond coverage through a privately placed issuance of a $300 million Merna Re Ltd. (Series 2017-1) transaction, securing a renewed source of earthquake reinsurance protection from the capital markets.
State Farm completes private $300m Merna Re cat bond renewal
NewsU.S. primary insurer State Farm has confirmed its commitment to sourcing reinsurance through the ILS market with a privately placed renewal of a maturing catastrophe in the form of a Merna Re Ltd. (Series 2016-1) transaction.
State Farm’s Merna Re 2015-1 cat bond to price at top of guidance
NewsU.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.
