East Lane Re VI Ltd

U.S. primary insurer Chubb’s latest catastrophe bond, the East Lane Re VI Ltd. (Series 2015-1) U.S. multi-peril deal, will complete at an upsized $250m, while the pricing settled at the mid-point of original guidance.

The latest catastrophe bond from repeat sponsoring U.S. primary insurer Chubb, East Lane Re VI Ltd. (Series 2015-1), has seen its price guidance narrowed as it nears completion, while investor demand may result in the deal upsizing to $250m.

Rating agency Standard & Poor’s had to consider three unmodelled perils when applying a preliminary rating to the latest catastrophe bond to come to market, U.S. primary insurer Chubb’s $225m East Lane Re VI Ltd. (Series 2015-1) multi-peril cat bond.

U.S. primary insurer Chubb has returned to the catastrophe bond market to sponsor a $225m East Lane Re VI Ltd. (Series 2015-1) multi-peril transaction. For the 2015 deal the insurer has taken a leaf form USAA’s book, including volcanic eruption and meteorite impact risks in the deal.

During the first-quarter earnings call of U.S. primary insurance group Chubb the insurers CFO Richard Spiro discussed Chubb’s recently completed East Lane Re VI Ltd. catastrophe bond, hailing it as the lowest pricing ever achieved on a U.S. hurricane cat bond.

The East Lane Re VI Ltd. (Series 2014-1) catastrophe bond, sponsored by U.S. primary insurance group Chubb, has now completed at the increased size of $270m with pricing at the low-end of the previously reduced range.

U.S. primary insurance group Chubb’s sixth catastrophe bond transaction, East Lane Re VI Ltd. (Series 2014-1), looks set to increase in size to somewhere between the original $225m and $270m, while the price guidance has been lowered.

More information has become available on U.S. primary insurance group Chubb’s sixth catastrophe bond transaction, East Lane Re VI Ltd. (Series 2014-1), which continues a recent trend for inclusion of unmodelled risks cat bond transactions.

U.S. primary insurance group Chubb is returning to the catastrophe bond market for reinsurance cover for the first time in two years, with its sixth cat bond transaction, named East Lane Re VI Ltd. (Series 2014-1), a four-year multi-peril deal.