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State Farm sponsors new $300m Merna Re quake cat bond for 2018

U.S. primary insurer State Farm has been back in the catastrophe bond market in recent weeks, with a privately syndicated Merna Re Ltd. (Series 2018-1) cat bond transaction that successfully secured the firm a $300 million source of fully-collateralized U.S. earthquake reinsurance protection.This Merna Re 2018-1 cat bond deal has read the full article →

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 →

State Farm completes private $300m Merna Re cat bond renewal

U.S. primary insurer State Farm has confirmed its commitment to sourcing reinsurance through the ILS market with a privately placed renewal of a maturing catastrophe in the form of a Merna Re Ltd. (Series 2016-1) transaction.The Merna Re 2016-1 cat bond transaction has been privately marketed to a select group read the full article →

State Farm’s Merna Re 2015-1 cat bond to price at top of guidance

U.S. insurer State Farm's latest catastrophe bond, the $300m Merna Re Ltd. (Series 2015-1), is set to price at the top end of initial guidance Artemis understands, as investors again showed they are not prepared to take on a risk at any price.When it launched ten days ago the read the full article →

State Farm sponsoring Merna Re 2015-1, $300m New Madrid cat bond

U.S. primary insurer State Farm is back in the catastrophe bond market looking to expand its capital markets backed New Madrid earthquake protection by sponsoring  a $300m Merna Re Ltd. (Series 2015-1), which could become the lowest priced U.S. quake cat bond ever.State Farm has registered a new special purpose read the full article →