The two US Coastal named insurance companies administered by Cabrillo Coastal General Insurance Agency have now secured their targeted $100 million in named storm reinsurance from the Chartwell Re Ltd. (Series 2026-1) issuance, with the notes pricing at the low-ends of reduced guidance, Artemis can report.
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The two US Coastal named insurance companies administered by Cabrillo Coastal General Insurance Agency continue to target $100 million in named storm reinsurance from its Chartwell Re Ltd. (Series 2026-1) issuance, but both insurers are aiming to capitalise on investor appetite and have lowered the price guidance for the notes, Artemis has learned.
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The two US Coastal named insurance companies administered by Cabrillo Coastal General Insurance Agency are back in the catastrophe bond market for their second sponsorship, with an initial $100 million target for named storm reinsurance from a Chartwell Re Ltd. (Series 2026-1) issuance, Artemis can report.
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