Merna Re II Ltd. (Series 2022-2)

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State Farm’s new cat bonds have Florida and Texas wind focus

The two recently issued Merna Re catastrophe bonds sponsored by US primary insurance giant State Farm both covered peak peril US hurricane risks, we understand, with one bond having a Florida focus and the other Texas. As we were first to report last week, State Farm returned to the catastrophe bond read the full article →

State Farm gets $500m reinsurance with new Merna Re II cat bonds

US primary insurance giant State Farm has returned to the catastrophe bond market and secured $500 million of US property catastrophe reinsurance protection from two series of Merna Re II cat bond notes, with a $200 million Merna Re II Ltd. (Series 2022-2) and $300 million Merna Re II Ltd. read the full article →