Acorn Re Ltd. Series 2021-1

The target size for the second renewal of the parametric catastrophe bond that provides earthquake related workers compensation protection to benefit the Kaiser Permanente health group has been increased, with the Acorn Re Ltd. (Series 2021-1) transaction now expected to secure $475 million of capital market-backed capacity for the covered parties.

A second renewal transaction for the novel parametric catastrophe bond deal that ultimately provides earthquake related workers compensation protection to an insured has come to market, with an Acorn Re Ltd. (Series 2021-1) transaction now in the market seeking to renew protection to benefit the Kaiser Permanente health group.