Kendall Re Ltd. (Series 2021-1)

Aspen Insurance Holdings Limited successfully secured its new Kendall Re Ltd. (Series 2021-1) catastrophe bond transaction at its upsized target of $300 million, while at the same time pricing fell more than 15% from the initial mid-point of guidance across each of the tranches of risk on offer.

Aspen Insurance Holdings Limited has increased its target size for its latest catastrophe bond, with the company now aiming to secure $300 million of collateralized reinsurance protection from the Kendall Re Ltd. (Series 2021-1) transaction, while pricing has been reduced across the deals tranches.

Aspen Insurance Holdings Limited has returned to the catastrophe bond market for a renewal of its international multi-peril coverage from the capital markets, seeking to sponsor a $225 million Kendall Re Ltd. (Series 2021-1) transaction.