Merna Re Ltd. (Series 2017-1)

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State Farm secures $300m of quake cover with Merna Re 2017-1 cat bond

State Farm has again secured its latest catastrophe bond coverage through a privately placed issuance of a $300 million Merna Re Ltd. (Series 2017-1) transaction, securing a renewed source of earthquake reinsurance protection from the capital markets.We're told that this eighth Merna Re cat bond issuance sponsored by U.S. primary read the full article →