Caelus Re 2013 Limited

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Caelus Re 2013-2 cat bond settles and lists on CSX

U.S. mutual insurer Nationwide Mutual's second catastrophe bond issuance of the year settled on Thursday of last week. The transaction, Caelus Re 2013 Ltd. (Series 2013-2), grew in size by 42% during marketing of the deal to settle at $320m, bringing the total reinsurance protection that the insurer has secured read the full article →

Caelus Re 2013-2 catastrophe bond grows to $320m

The second Caelus Re 2013 catastrophe bond issuance from U.S. insurer Nationwide Mutual has grown in size to $320m before close, according to our sources. The transaction, Caelus Re 2013 Ltd. (Series 2013-2), has been marketed quickly for Nationwide Mutual, having only first come to light a week ago. The read the full article →

Pricing environment tempts Nationwide into another Caelus Re cat bond

U.S. insurer Nationwide Mutual’s Caelus Re 2013-1 catastrophe bond has only just come to market this month yet the insurer is returning to the cat bond market already for a Caelus Re 2013 Ltd. (Series 2013-2) issuance. The recent Caelus Re 2013-1 was extremely well received by investors, which helped it increase in read the full article →

Caelus Re 2013 cat bond completes, gets rated, lists on Cayman exchange

U.S. insurer Nationwide Mutual's latest catastrophe bond, Caelus Re 2013 Ltd., has now completed successfully, received its final rating from Standard & Poor's and the notes and five-year shelf programme have been admitted for listing on the Cayman Islands Stock Exchange. It's only the third cat bond or ILS deal we've read the full article →

High demand pushes Caelus Re 2013 cat bond pricing down again

The Caelus Re 2013 Ltd. catastrophe bond which has been doing the rounds of the ILS investment market for the last week or so has been so well received that its pricing has dropped for the second time, finishing at a coupon level of just 5.25% above the collateral investment read the full article →

Caelus Re 2013 cat bond to upsize, drop in price on investor demand

Reflecting investors high demand for insurance-linked securities, catastrophe bonds and reinsurance-linked investments, the first natural peril catastrophe bond to be broadly marketed this year looks set to increase in size and reduce in pricing as a response. The cat bond, Caelus Re 2013 Ltd., which is being marketed on behalf read the full article →

Caelus Re 2013 catastrophe bond being marketed for Nationwide Mutual

The primary issuance market for catastrophe bond transactions is waking up after an unusually quiet start to 2013 as U.S. P&C insurer Nationwide Mutual looks to return to the catastrophe bond market with its third cat bond, Caelus Re 2013 Ltd. Nationwide Mutual's Caelus Re II cat bond matures in read the full article →