Mercury General Corporation, the California headquartered insurer, has now successfully priced its first 144A catastrophe bond, securing the 50% upsized $150 million in reinsurance protection from the capital markets with the Luca Re Ltd. (Series 2025-1) issuance that will cover it for wildfire and fire-following earthquake losses in its home state, Artemis can report.
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Mercury General Corporation, the California headquartered insurer, is aiming to upsize its debut 144A catastrophe bond market, raising the target to secure as much as $150 million in reinsurance from the Luca Re Ltd. (Series 2025-1) issuance to cover wildfire and fire-following earthquake losses in its home state, Artemis can report.
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Mercury General Corporation, the California headquartered insurer, has entered the 144A catastrophe bond market for the first time, seeking $100 million or more in reinsurance from the capital markets with a Luca Re Ltd. (Series 2025-1) issuance that will cover it for wildfire and fire-following earthquake losses in its home state, Artemis has learned.
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