The two US Coastal named insurance companies administered by Cabrillo Coastal General Insurance Agency have secured their first catastrophe bond, finalising the Chartwell Re Ltd. (Series 2025-1) issuance to provide the upsized target of $330 million of named storm reinsurance, with all three tranches of notes priced below their initial guidance ranges.
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New York domiciled US Coastal Insurance Company and Florida domiciled US Coastal Property & Casualty Insurance Company, have an upsized target for their first 144A catastrophe bond, increasing it to now seek $330 million of named storm reinsurance coverage from the Chartwell Re Ltd. (Series 2025-1) issuance, Artemis has learned.
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The two US Coastal named insurance companies administered by Cabrillo Coastal General Insurance Agency, are sponsoring their first 144A catastrophe bond, with a currently $310 million Chartwell Re Ltd. (Series 2025-1) issuance seeking named storm reinsurance coverage across their main states of operation, Artemis has learned.
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