Aquila Re I Ltd

U.S. primary insurer Nationwide Mutual Insurance Company has now secured a doubling in size of its new catastrophe bond, with the Aquila Re I Ltd. (Series 2023-1) transaction set to provide the insurer $300 million of multi-peril reinsurance, while pricing of all the notes was finalised at levels below the initial spread guidance.

U.S. primary insurer Nationwide Mutual Insurance Company is now seeking to double the size of its new catastrophe bond, with its target for the deal now lifted to $300 million of multi-peril US catastrophe reinsurance, from this Aquila Re I Ltd. (Series 2023-1) transaction.

U.S. primary insurer Nationwide Mutual Insurance Company has returned to the catastrophe bond market for the first time since 2020, seeking $150 million or more in multi-peril US catastrophe reinsurance from the capital markets, with an Aquila Re I Ltd. (Series 2023-1) transaction.