Long Point Re III Ltd

Qualifying catastrophe losses through the first-half of 2021 have now eroded through roughly 79% of US primary insurer Travelers retention for its aggregate catastrophe reinsurance layer.

U.S. primary insurance carrier Travelers has adjusted the attachment point for its $500 million Long Point Re III Ltd. (Series 2018-1) catastrophe bond transaction upwards slightly for the coming year, while also renewing a range of important property catastrophe excess-of-loss reinsurance treaties at July 1st.

U.S. primary insurer Travelers has experienced sufficient losses so far this year that on an aggregated basis have eaten around 60% of the way through the retention of its new $500 million aggregate reinsurance treaty.

U.S. property & casualty insurance giant Travelers took advantage of keen pricing conditions in the ILS and capital markets this year, as the firm upsized its catastrophe bond renewal Long Point Re III  2018-1 to $500 million, while at the same time shrinking one of its traditional reinsurance treaties.

The latest catastrophe bond from U.S. property & casualty insurance giant Travelers, Long Point Re III Ltd. (Series 2018-1), is set to reach the increased target size of $500 million thanks to appetite from investors we understand, so will provide the firm with its largest yet source of capital markets backed multi-peril reinsurance capacity.

U.S. primary property & casualty insurance giant Travelers has increased its target for the recently launched Long Point Re III Ltd. (Series 2018-1) catastrophe bond transaction, from which the firm is now aiming for up to $500 million of collateralized multi-peril reinsurance protection.

U.S. property & casualty insurance giant Travelers is returning to the capital markets with a new $300 million Long Point Re III Ltd. (Series 2018-1) multi-peril catastrophe bond transaction, the insurers first in three years and a transaction that will renew, replace and extend the reinsurance coverage from its maturing 2015 cat bond deal.

The latest catastrophe bond issue from U.S. primary insurer Travelers, Long Point Re III Ltd. (Series 2015-1), has upsized by 50% to reach $300m, while the pricing eventually settled at the mid-point of launch guidance.

U.S. primary insurer Travelers’ latest catastrophe bond transaction, Long Point Re III Ltd. (Series 2015-1), is set to upsize to as much as $300m, according to sources, while the price guidance has been narrowed towards the upper end of the range.

U.S. primary insurer Travelers is back in the catastrophe bond market for the first time in two years with a $200m Long Point Re III Ltd. (Series 2015-1) deal, seeking fully-collateralized reinsurance coverage for multiple U.S. perils.