Baldwin Re Ltd

Vermont Mutual Insurance Company has now secured the 25% upsized target for $250 million of fully-collateralized multi-peril reinsurance from its new Baldwin Re Ltd. (Series 2025-1) catastrophe bond issuance, Artemis has learned.

Vermont Mutual Insurance Company has now raised the target size of its new Baldwin Re Ltd. (Series 2025-1) catastrophe bond issuance, with the company now looking to secure up to $250 million of capital markets-backed reinsurance protection to cover losses in north east US states.

Vermont Mutual Insurance Company is back in the catastrophe bond market for the third time, looking to sponsor a $200 million or larger Baldwin Re Ltd. (Series 2025-1) issuance, which would become its largest cat bond yet, targeting an expansion of its capital markets backed reinsurance to cover losses in north east US states.

Vermont Mutual Insurance Company looks set to secure its latest catastrophe bond at reduced pricing, as the spread for the new $100 million Baldwin Re Ltd. (Series 2023-1) cat bond issuance has now been reduced to the low-end of initial guidance.

Vermont Mutual Insurance Company has returned to the catastrophe bond market, seeking to sponsor a Baldwin Re Ltd. (Series 2023-1) cat bond, through which it aims to secure $100 million in multi-year collateralized reinsurance to cover losses from multi-peril events in north east US states.

Vermont Mutual Insurance Company is targeting an increased size for its first Baldwin Re Ltd. (Series 2021-1) catastrophe bond, with the issuance now set to provide it with $150 million of reinsurance cover against losses from multi-peril events in certain north east US states.

Vermont Mutual Insurance Company is targeting an increased size for its first Baldwin Re Ltd. (Series 2021-1) catastrophe bond, with the issuance now set to provide it with $150 million of reinsurance cover against losses from multi-peril events in certain north east US states.

Yet another new catastrophe bond sponsor is entering the market this year, with Vermont Mutual Insurance Company seeking $100 million of reinsurance from a Baldwin Re Ltd. (Series 2021-1) cat bond that will cover it against losses from multi-peril events in certain north east US states.