Caelus Re V Ltd. Series 2017-1

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Nationwide gets another $10.3m Caelus Re V cat bond loss payment

U.S. primary insurer Nationwide Mutual Insurance Company has made a second reinsurance recovery from its Caelus Re catastrophe bond series, adding a further $10.3 million to its claims from the highest risk Caelus Re V Ltd. (Series 2017-1) Class D tranche of notes.Back in July we revealed that Nationwide had read the full article →

Nationwide in first $10.73m Caelus Re V cat bond reinsurance recovery

U.S. primary insurer Nationwide Mutual Insurance Company has made its first reinsurance recovery under the stricken Caelus Re catastrophe bond series, claiming $10.73 million from the highest risk Caelus Re V Ltd. (Series 2017-1) Class D tranche of notes.A number of tranches of Nationwide's $375 million Caelus Re V Ltd. read the full article →

Investors braced for growing Caelus cat bond losses

The insurance-linked securities (ILS) investor base is braced for the potential for losses to grow from U.S. primary insurer Nationwide Mutual Insurance Company’s $375 million Caelus Re V Ltd. (Series 2017-1) catastrophe bond, as the insurers aggregated natural catastrophe losses rise further.ILS and catastrophe bond investors have known they were on the read the full article →

Caelus cat bond losses expanding as Nationwide’s aggregates grow

A second tranche of U.S. primary insurer Nationwide Mutual Insurance Company's catastrophe bond has now been triggered as its aggregated natural catastrophe losses have eaten further into the capital market backed reinsurance provision that the $375 million Caelus Re V Ltd. (Series 2017-1) catastrophe bond provides.Nationwide's aggregated natural catastrophe losses, read the full article →

Nationwide’s Caelus Re V 2017 cat bond looks set for losses

The $375 million Caelus Re V Ltd. (Series 2017-1) catastrophe bond, which was sponsored by U.S. primary insurer Nationwide Mutual Insurance Company in May and only came on-risk in June, looks set to face a loss as aggregated natural catastrophe claims have almost eaten through the riskiest tranche of notes.Sources read the full article →

Nationwide’s Caelus Re 2017 cat bond grows to $375m as pricing drops

The latest catastrophe bond from Nationwide Mutual Insurance Company is set to increase in size by 25% to $375 million, while at the same time pricing has dropped on the four tranches of the Caelus Re V Ltd. (Series 2017-1) cat bond.When the Caelus Re V 2017 catastrophe bond was read the full article →

Nationwide Mutual seeks $300m Caelus Re V 2017 cat bond

U.S. primary insurer Nationwide Mutual Insurance Company is seeking to sponsor a $300 million Caelus Re V Ltd. (Series 2017-1) catastrophe bond, which will provide it with a new multi-year source of capital market backed catastrophe reinsurance protection.This will be Nationwide Mutual's sixth catastrophe bond issue since it first entered the read the full article →