Luca Re Ltd. Series 2026-1

Mercury General Corporation (Mercury Insurance), the California headquartered insurer, is now aiming to upsize its second 144A catastrophe bond sponsorship, with the target for fire reinsurance limit from the Luca Re Ltd. (Series 2026-1) issuance now having risen to between $125 million and $175 million, Artemis can report.

Mercury General Corporation (Mercury Insurance), the California headquartered insurer, is back in the catastrophe bond market seeking additional fire reinsurance protection, with an initial $100 million target for its second 144A cat bond sponsorship of a Luca Re Ltd. (Series 2026-1) issuance, Artemis has learned.