Fuchsia 2025-1

Beazley has secured the targeted $100 million of fully-collateralized reinsurance from its third natural catastrophe bond sponsorship, as the London Bridge 2 PCC Limited (Fuchsia 3 – 2025-1) notes have now priced roughly 21% below the initial mid-point of guidance, Artemis understands.

Beazley has for a second time lowered the price guidance for its new $100 million London Bridge 2 PCC Limited (Fuchsia 3 – 2025-1) catastrophe bond deal, as the company looks to secure the targeted natural catastrophe reinsurance at an even keener risk interest spread, Artemis can report.

Beazley continues to seek $100 million of natural catastrophe reinsurance through its third natural catastrophe bond, the London Bridge 2 PCC Limited (Fuchsia 3 – 2025-1) deal, but the company is aiming to capitalise on investor appetite and has lowered the price guidance for the notes, Artemis can report.

Beazley has returned to the catastrophe bond market seeking $100 million of natural catastrophe reinsurance, once again using the Lloyd’s owned ILS structure to issue this London Bridge 2 PCC Limited (Fuchsia 3 – 2025-1) deal.