Mona Lisa Re Ltd. Series 2021-1

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RenRe gets new $250m Mona Lisa Re cat bond with 11% drop in price

RenaissanceRe has now secured its 67% upsized new Mona Lisa Re Ltd. (Series 2021-1) catastrophe bond transaction at $250 million in size, while the coupon has now been fixed at the lowest-end of reduced price guidance. Bermuda-headquartered global reinsurance company RenaissanceRe (RenRe) returned to the catastrophe bond market with its latest read the full article →

RenRe targets 67% larger, lower priced, $250m Mona Lisa Re cat bond

RenaissanceRe is targeting an increased issuance size for its latest catastrophe bond, with the company now seeking 67% more multi-peril reinsurance protection from the new Mona Lisa Re Ltd. (Series 2021-1) transaction, at reduced pricing compared to initial guidance. Bermuda-headquartered global reinsurance form RenaissanceRe (RenRe) brought its latest catastrophe bond transaction read the full article →

RenRe targets $150m Mona Lisa Re 2021-1 catastrophe bond

Bermuda-headquartered global reinsurer RenaissanceRe is back in the catastrophe bond market to add to its collateralized retrocession from ILS investors, with a new Mona Lisa Re Ltd. (Series 2021-1) transaction seeking $150 million or more of multi-peril protection. RenaissanceRe (RenRe) returned to the 144A catastrophe bond market in early 2020, sponsoring read the full article →