Insurance firm Liberty Mutual has now successfully secured the upsized $300 million of reinsurance from its new Mystic Re IV Ltd. (Series 2024-1) industry-loss triggered catastrophe bond and the notes have now been priced below the initial guidance, we’re told.
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Insurer Liberty Mutual has raised its target size for its new Mystic Re IV Ltd. (Series 2024-1) industry-loss triggered catastrophe bond, with now $300 million of reinsurance sought from the issuance.
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Insurance giant Liberty Mutual is back in the catastrophe bond market seeking a $250 million or greater source of industry loss triggered catastrophe reinsurance from the capital markets through a Mystic Re IV Ltd. (Series 2024-1) issuance.
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