Mystic Re IV Ltd

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.

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.

Liberty Mutual, the US primary insurer and global reinsurer, has successfully secured the upsized target of $150 million of collateralized reinsurance protection with its new Mystic Re IV Ltd. (Series 2023-1) catastrophe bond transaction.

Liberty Mutual, the U.S. primary insurance giant and global reinsurance player, is hoping to upsize its new Mystic Re IV Ltd. (Series 2023-1) catastrophe bond transaction to as much as $150 million in size, but with pricing that has lifted to the top-end of guidance.

Liberty Mutual, the U.S. primary insurance giant and global reinsurance player, has returned to the catastrophe bond market in search of $125 million or more in collateralized reinsurance against peak peril events, with a Mystic Re IV Ltd. (Series 2023-1) transaction.

US insurer Liberty Mutual has now secured its new Mystic Re IV Ltd. (Series 2021-2) catastrophe bond transaction at its 25% upsized target to provide $300 million of multi-year collateralized reinsurance protection.

Insurance carrier Liberty Mutual Insurance has lifted its target for its new Mystic Re IV Ltd. (Series 2021-2) catastrophe bond transaction to up to $300 million of collateralized reinsurance protection.

Insurance giant Liberty Mutual has returned to the catastrophe bond market for the second time in just six months, quickly coming back with a $240 million Mystic Re IV Ltd. (Series 2021-2) transaction, which sees the carrier looking for indemnity reinsurance cover for hurricane and earthquake loss events.

Liberty Mutual’s latest visit to the catastrophe bond market can be considered a resounding success for the company, after the new Mystic Re IV Ltd. (Series 2021-1) catastrophe bond transaction upsized to $300 million while marketing and the notes priced at a level below the low-end of initial guidance.

The new Mystic Re IV Ltd. (Series 2021-1) catastrophe bond transaction sponsored by insurance giant Liberty Mutual has been upsized during its marketing, growing by 50% to now feature an issuance of $300 million of notes to support reinsurance protection for the carrier.