Acorn Re Ltd

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.

The new Acorn Re Ltd. (Series 2018-1) catastrophe bond transaction, that seeks parametric earthquake cover to benefit the Kaiser Permanente health group and other reinsureds of Hannover Re, looks set to upsize by one-third to $400 million, while pricing guidance fell to the bottom of the launch range.

A renewal catastrophe bond transaction has been launched for a novel parametric deal that ultimately provides workers compensation protection to an insured, with a $300 million Acorn Re Ltd. (Series 2018-1) transaction that seeks parametric earthquake cover that will benefit the Kaiser Permanente health group.

The parametric U.S. west coast and California parametric earthquake catastrophe bond, Acorn Re Ltd. (Series 2015-1), has been upsized by 50% to a $300m issuance, while at the same time the price has been moved to the midpoint of guidance.

An interesting $200m catastrophe bond named Acorn Re Ltd. (Series 2015-1) has launched to the market Artemis understands, bringing U.S. earthquake risks focused on the west coast and featuring a parametric trigger.