Genesee Street Re Ltd. Series 2025-1

Utica National Insurance Group has now successfully priced its debut Genesee Street Re Ltd. (Series 2025-1) catastrophe bond to provide a 21% upsized $150 million in US named storm and severe thunderstorm reinsurance protection, with the spread finalised at the mid-point of guidance, Artemis understand.

Utica National Insurance Group is now aiming to upsize its debut Genesee Street Re Ltd. (Series 2025-1) catastrophe bond issuance, with the target lifted to as much as $150 million in US named storm and severe thunderstorm reinsurance protection, Artemis has learned.

Utica National Insurance Group has entered the catastrophe bond market for the first time, seeking $125 million or more in US named storm and severe thunderstorm reinsurance protection from a Genesee Street Re Ltd. (Series 2025-1) issuance.