US 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.
Your search for “merna”
News & Analysis Results
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.
State Farm sponsoring Merna Re 2015-1, $300m New Madrid cat bond
NewsU.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.
Merna Re V cat bond prices down, offers lowest quake yield ever
NewsThe 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.
State Farm back with Merna Re V Ltd. U.S. quake catastrophe bond
NewsU.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.
