Caelus Re V Ltd. Series 2018-1

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Nationwide’s Caelus Re 2018 cat bonds priced for wildfire losses

Two tranches of Nationwide Mutual's Caelus Re V Ltd. (Series 2018-1) catastrophe bond have been marked down in the secondary market due to market expectations they could face losses from the recent California wildfires.The Caelus Re V cat bond transaction provides U.S. primary insurer Nationwide Mutual with a source of read the full article →

Nationwide’s $450m Caelus 2018 cat bond priced mostly below guidance

We understand that the pricing has now been set for U.S. primary insurance firm Nationwide Mutual’s latest catastrophe bond issuance, the recently upsized to $450 million Caelus Re V Ltd. (Series 2018-1), with three of the four tranches priced below initial guidance and the fourth at the mid-point.Considering that Nationwide read the full article →

Nationwide Mutual’s new Caelus 2018 cat bond grows to $450m

U.S. primary insurance firm Nationwide Mutual's return to the catastrophe bond market in 2018 looks set to result in a bumper issuance, as the still-being-marketed Caelus Re V Ltd. (Series 2018-1) has grown by 50% to now offer investors $450 million of U.S. catastrophe risk exposed notes.Of course Nationwide Mutual read the full article →

$300m Caelus Re V 2018 cat bond launched for Nationwide Mutual

Nationwide Mutual is back looking for another slice of multi-peril reinsurance protection with a new catastrophe bond issuance, a $300 million Caelus Re V Ltd. (Series 2018-1) transaction that marks the insurers return at a time when its in-force cat bond coverage is still facing losses.Nationwide Mutual has been sponsoring read the full article →