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Nationwide Mutual closes Caelus Re II cat bond at $185m

Nationwide Mutual has successfully closed it's second catastrophe bond deal under it's Cayman Islands SPV Caelus Re. Caelus Re II Ltd. is designed to provide Nationwide with three years of indemnity cover on a per-occurrence basis against hurricanes and earthquakes within the U.S.Initial reports on this catastrophe bond suggested it read the full article →

Nationwide Mutual renews its Caelus Re catastrophe bond

Nationwide Mutual has returned to the catastrophe bond market with a renewal of its Caelus Re transaction. The new $200m deal is dubbed Caelus Re II Ltd. and is expected to close this week.Caelus Re II Ltd., a Caymans Islands SPV, has been set up to provide Nationwide Mutual with read the full article →