Meadows Ltd. Series 2025-1

One William Street Capital Management, L.P. has now secured its debut catastrophe bond, with the asset manager set to receive a slightly upsized $135 million of collateralized retro reinsurance from the Meadows Ltd. (Series 2025-1) issuance, while all three tranches of notes priced at their low-ends of twice reduced guidance.

The price guidance has been reduced a second time for the debut Meadows Ltd. (Series 2025-1) catastrophe bond for One William Street Capital Management, L.P., while the deal is still targeted to secure a slightly upsized $135 million in US named storm retrocessional reinsurance protection for the investment manager, Artemis has learned.

One William Street Capital Management, L.P. has raised its target for retro reinsurance protection from its debut Meadows Ltd. (Series 2025-1) catastrophe bond, with now up to $135 million in US named storm protection sought, Artemis has learned.

A new catastrophe bond is being offered to investors that has a subsidiary of investment firm One William Street Capital Management, L.P. as its ceding company or sponsor, with the Meadows Ltd. (Series 2025-1) designed to provide $125 million or more in US named storm protection, Artemis has learned.