Merna Re IV cat bond upsizes to $300m, prices at lower end of expected range
21st March 2013U.S. primary insurer State Farm’s latest catastrophe bond has seemingly been successful and has upsized during the marketing phase and pricing has dropped to the lower end of the suggested range. Merna Re IV Ltd. sees sponsor State Farm seeking a new source of earthquake reinsurance protection from the capital markets via a cat bond […]
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