NJM Insurance has returned to the catastrophe bond market to sponsor its third transaction, initially seeking $150 million or more in northeast US named storm reinsurance from the capital markets with this Lower Ferry Re Ltd. (Series 2026-1) issuance, Artemis has learned.
Read the full article
The Lower Ferry Re Ltd. (Series 2023-1) catastrophe bond issuance has now been priced to provide sponsor NJM Insurance with $190 million of named storm reinsurance protection from the capital markets, some way short of its top size target for the deal.
Read the full article
NJM Insurance has increased its appetite for named storm reinsurance from the capital market with its new catastrophe bond, now aiming for up to $275 million in protection with the Lower Ferry Re Ltd. (Series 2023-1) issuance.
Read the full article
Another sponsor is re-entering the catastrophe bond market after a hiatus away from it in 2023, as NJM Insurance seeks $175 million in named storm reinsurance from the capital market with a new cat bond, a Lower Ferry Re Ltd. (Series 2023-1) issuance.
Read the full article
