U.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.
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State 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.
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U.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.
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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.
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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.
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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.
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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.
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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 markets via a cat bond […]
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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 market for cover directly, although […]
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Law firm Willkie Farr & Gallagher (WFG) have hired a team of partners and lawyers from rival Dewey & LeBoeuf who bring with them extensive experience in the insurance-linked securities, alternative risk transfer and reinsurance / capital markets convergence area. Dewey & LeBoeuf have been dogged by rumours of issues and departures from the firm […]
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