Easton Re Ltd

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.

The very strong execution of Hamilton’s second catastrophe bond saw the company securing more retrocession than originally targeted, at a far better price than had originally been forecast, which SVP Strategic Partnerships Hanni Ali said “underscores investor confidence” in the firm.

Hamilton, the Bermuda based insurance and reinsurance holding company, has now successfully priced its new catastrophe bond issuance to provide the upsized target of $200 million in collateralized multi-peril retrocessional reinsurance, while the Easton Re Ltd. (Series 2024-1) cat bond notes were finalised to pay a below-guidance spread.

Hamilton, the Bermuda based insurance and reinsurance holding company, has lifted its target for its second ever catastrophe bond issuance, now seeking $200 million in collateralized multi-peril retrocessional reinsurance from the Easton Re Ltd. (Series 2024-1) transaction.

Hamilton, the Bermuda based insurance and reinsurance holding company, is back in the catastrophe bond market with its second ever issuance, seeking $150 million or more in collateralized multi-peril retrocessional reinsurance from an Easton Re Ltd. (Series 2024-1) transaction.