Foundation Re IV Ltd

The Hartford has now successfully secured its targeted $270 million of multi-peril collateralized catastrophe reinsurance protection from the capital markets through the Foundation Re IV Ltd. (Series 2026-1) catastrophe bond, with the notes pricing below the initial guidance, Artemis understands.

The new Foundation Re IV Ltd. (Series 2026-1) catastrophe bond transaction that is being sponsored by US primary property and casualty insurer The Hartford, has seen its price guidance lowered during the marketing phase of the issuance, as investors demonstrate their appetite for risk from respected sponsors.

The Hartford, a US primary property and casualty insurer, is back in the catastrophe bond market seeking $270 million or more in multi-peril collateralized catastrophe reinsurance protection from the capital markets through sponsorship of a Foundation Re IV Ltd. (Series 2026-1) cat bond issuance.

US primary property and casualty insurer The Hartford achieved its goals of adding secure and diversified reinsurance capacity with its latest $200 million Foundation Re IV Ltd. (Series 2023-1) catastrophe bond, which Chief Financial Officer Beth Bombara said helped to raise the top of its reinsurance tower.

The Hartford, a US primary property and casualty insurer, has now secured its targeted $200 million of multi-peril catastrophe reinsurance from its new Foundation Re IV Ltd. (Series 2023-1) catastrophe bond, while the notes were eventually priced below the initial mid-point of guidance.

US primary property and casualty insurer The Hartford is targeting tighter pricing for its new catastrophe bond issuance, which is its first since 2011, while still aiming for $200 million of multi-peril catastrophe reinsurance from the Foundation Re IV Ltd. (Series 2023-1) cat bond issuance.

US primary property and casualty insurer The Hartford is back in the catastrophe bond market for the first time since 2011, seeking a new $200 million source of multi-peril catastrophe reinsurance through sponsorship of a Foundation Re IV Ltd. (Series 2023-1) cat bond issuance.

We’ve learned that two catastrophe bond deals that were originally scheduled for issuance in the fourth-quarter of 2022 were delayed by their respective sponsors, as both were being cautious due to the uncertain market conditions and the level of execution risk that might have presented.