caelus re ii

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.

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.