Mona Lisa Re Ltd. Series 2020-1

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RenRe to settle Mona Lisa Re 2020 cat bond at $400m in size

RenaissanceRe, the Bermuda-headquartered global reinsurance firm and third-party capital manager, has settled for a 60% upsizing of its latest catastrophe bond, with the Mona Lisa Re Ltd. (Series 2020-1) cat bond transaction now priced at $400 million in size. The reinsurer had originally come to market with a $250 million Mona read the full article →

RenRe lifts Mona Lisa Re 2020 cat bond target by 80% to $450m

Bermuda-headquartered global reinsurance firm RenaissanceRe has raised the target size for its new Mona Lisa Re Ltd. (Series 2020-1) catastrophe bond transaction by 80%, with the issuance now aiming to secure up to $450 million of retrocession for the company. At the same time as increasing its appetite to underwrite retrocessional read the full article →

RenaissanceRe returns to cat bonds with $250m Mona Lisa Re 2020-1

Bermuda-headquartered global reinsurance firm RenaissanceRe is returning to the catastrophe bond market for the first time since 2013, with a $250 million or larger Mona Lisa Re Ltd. (Series 2020-1) transaction, a clear sign that retro market conditions are making cat bond coverage more attractive to sponsors. RenaissanceRe (RenRe) has never read the full article →