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State Farm sponsors $350m New Madrid quake Merna Re II cat bond for 2021

US primary insurance giant State Farm has again returned to the 144A catastrophe bond market for another slice of New Madrid earthquake reinsurance protection to sponsor its latest capital markets deal, a $350 million Merna Re II Ltd. (Series 2021-1) issuance. As with all recent Merna Re cat bonds sponsored by read the full article →

State Farm in $250m Merna Re II 2020-1 privately placed cat bond

U.S. primary insurance carrier State Farm has returned to the capital markets to source fully collateralised reinsurance again, sponsoring a new $250 million privately placed and issued Merna Re II Ltd. (Series 2020-1) catastrophe bond transaction. It's the fifth year in a row that State Farm has accessed capacity from insurance-linked read the full article →

$300m Merna Re II 2019 catastrophe bond issued for State Farm

U.S. primary insurance giant State Farm has once again privately syndicated and quietly issued its latest catastrophe bond, a $300 million Merna Re II Ltd. (Series 2019-1) securing the firm an expanded source of collateralized U.S. earthquake reinsurance protection. State Farm has been regularly visiting the catastrophe bond market since the read the full article →