Commonwealth Re Ltd. Series 2022-1

In another sign of increasing equilibrium in the catastrophe bond market, first time sponsor The Hanover Insurance Group, Inc. has secured its Commonwealth Re Ltd. (Series 2022-1) cat bond at the upsized $150 million target, with pricing finalised at the low-end of initial guidance.

The Hanover Insurance Group, Inc. is already looking to upsize its first ever catastrophe bond, with the Commonwealth Re Ltd. (Series 2022-1) US named storm issuance now targeting $150 million of reinsurance protection for the US primary insurer.

US primary insurer The Hanover Insurance Group, Inc. is out in the market seeking its first ever catastrophe bond, with a $100 million Commonwealth Re Ltd. (Series 2022-1) deal that targets US named storm reinsurance protection for the company.