Maschpark Re Ltd. Series 2024-1

HDI Global and its parent company Talanx are streamlining their reinsurance purchasing operations through consolidation, signaling potential for increased and larger market transactions such as catastrophe bonds.

Having recently secured its debut catastrophe bond, the $100 million Maschpark Re Ltd. (Series 2024-1) parametric earthquake issuance, German re/insurance group Talanx has said that the protection augments its need for reinsurance and to cover earthquake risks in Chile as its business grows.

Talanx has now successfully secured the targeted $100 million of parametric earthquake protection from its debut catastrophe bond, as the $100 million of Maschpark Re Ltd. (Series 2024-1) notes have now been priced at the low-end of initial guidance.

According to sources, the price guidance for the debut Maschpark Re Ltd. (Series 2024-1) catastrophe bond issuance for sponsor Talanx has been narrowed towards the lower-half of the initial range that had been offered.

Talanx AG, the German insurance and reinsurance group, has entered the catastrophe bond market for its debut transaction, seeking $100 million or more in parametric Latin America earthquake protection through this Maschpark Re Ltd. (Series 2024-1) issuance, Artemis has learned.