Montoya Re Ltd Series 2022-2

Inigo, the Lloyd’s syndicate owner and specialty insurance and reinsurance underwriter, is pleased with the execution of its second catastrophe bond transaction, the $110 million Montoya Re Ltd. (Series 2022-2) deal, especially given its successful placement in a “turbulent” market.

Lloyd’s syndicate owner and specialty insurance and reinsurance underwriter Inigo has successfully secured $110 million of fully-collateralized property catastrophe reinsurance from the capital markets, as its new Montoya Re Ltd. (Series 2022-2) has now been priced.

Inigo, the London headquartered specialty insurance and reinsurance underwriter with a Lloyd’s syndicate, has lifted the target size for its second catastrophe bond issuance slightly, with the Montoya Re Ltd. (Series 2022-2) deal now pitched at up to $110 million in size, but with the coupon having moved to the top-end of initial guidance.

Inigo, the London headquartered specialty insurance and reinsurance underwriter with a Lloyd’s syndicate, has returned to the catastrophe bond market for its second issuance, seeking $100 million or more in aggregate retro reinsurance protection from this Montoya Re Ltd. (Series 2022-2) deal.