Selective Insurance Group added $100 million to the top-layer of its catastrophe reinsurance tower at the January 1 2026 renewals, which lifted the top of the tower to cover up to $1.5 billion of losses, while its management said the renewal came with meaningful price decreases.
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Selective Insurance, the US property and casualty insurer, has now priced its debut catastrophe bond issuance and secured the 62.5% upsizing of the deal to benefit from $325 million in reinsurance thanks to the High Point Re Ltd. (Series 2023-1) transaction.
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Selective Insurance, the US property and casualty insurer, appears set to upsize its debut catastrophe bond issuance by at least 50%, with the target increased from $200 million to now up to $325 million in reinsurance being sought from the High Point Re Ltd. (Series 2023-1) deal.
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Selective Insurance, the US property and casualty insurer, has entered the catastrophe bond market for the first time, seeking $200 million or more in multi-peril collateralized reinsurance from a High Point Re Ltd. (Series 2023-1) issuance.
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