Mona Lisa Re Ltd

RenaissanceRe has now secured a 100% upsizing of its latest catastrophe bond, as the Mona Lisa Re Ltd. (Series 2026-1) notes have now been priced to provide it $400 million in multi-peril catastrophe retrocessional reinsurance, Artemis has learned.

RenaissanceRe is now looking to as much as double the size of its latest catastrophe bond during the offering phase, with the target for the Mona Lisa Re Ltd. (Series 2026-1) issuance lifted to provide it between $325 million and $400 million in multi-peril catastrophe retrocessional reinsurance, sources have told Artemis.

RenaissanceRe has returned to the catastrophe bond market to sponsor a $200 million or greater Mona Lisa Re Ltd. (Series 2026-1) issuance that will provide multi-peril catastrophe retrocessional reinsurance for its own portfolio and that of its flagship partner capital vehicle DaVinci Re, sources have told Artemis.

RenaissanceRe has successfully priced its latest catastrophe bond and secured the upper-end target size for coverage from the deal, with the Mona Lisa Re Ltd. (Series 2025-1) issuance now finalised to provide the company $350 million of collateralized retrocessional reinsurance from the capital markets.

RenaissanceRe has for a second time increased the target size for its latest catastrophe bond, with the company now seeking $350 million of multi-peril retrocessional reinsurance from the Mona Lisa Re Ltd. (Series 2025-1) issuance.

RenaissanceRe has increased the target size for its latest catastrophe bond, with the company now seeking $300 million in multi-peril retrocession from the Mona Lisa Re Ltd. (Series 2025-1) issuance, while the price guidance has fallen for both tranches of notes.

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has returned to the catastrophe bond market seeking $250 million or more in multi-peril retrocessional from a Mona Lisa Re Ltd. (Series 2025-1) issuance, to cover risks in its own portfolio and that of its flagship partner capital vehicle DaVinci Re.

RenaissanceRe has increased the target size of its new industry-loss trigger Mona Lisa Re Ltd. (Series 2024-1) catastrophe bond for a second time, with $150 million of retrocessional protection now sought, while the price guidance has been fixed below the initially marketed range.

In another signal that catastrophe bond market conditions have once again become more balanced, RenaissanceRe has raised the target size for its new industry-loss trigger Mona Lisa Re Ltd. (Series 2024-1) cat bond to $125 million, while at the same time the price guidance has fallen.

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, is back in the catastrophe bond market seeking $100 million or more in retrocessional protection from a Mona Lisa Re Ltd. (Series 2024-1) deal, for risks in its own portfolio and that of its flagship partner capital vehicle DaVinci Re.