Easton Re Ltd. Series 2027-1

Hamilton Insurance Group has secured its largest catastrophe bond yet, as the Easton Re Ltd. (Series 2027-1) deal has now been priced to provide an upsized $300 million of collateralized multi-peril retrocessional reinsurance protection, getting the capital markets coverage at a pricing level below initial guidance, Artemis understands.

Hamilton Insurance Group is now aiming to upsize its new Easton Re Ltd. (Series 2027-1) catastrophe bond transaction to provide it with $300 million of collateralized multi-peril retrocession, while the price guidance on the notes has been lowered, Artemis has learned.

Hamilton Insurance Group has returned to renew its catastrophe bond and we’re told by sources is looking to upsize on the protection it provides, seeking $250 million or more in collateralized multi-peril retrocessional reinsurance from an Easton Re Ltd. (Series 2027-1) transaction.