Phoenician Re Ltd. Series 2021-1

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Google’s new catastrophe bond to settle at $275.5m

Google and its holding company parent Alphabet, Inc. have now successfully secured $275.5 million of California earthquake risk protection from their new catastrophe bond, the Phoenician Re Ltd. (Series 2021-1) issuance. It's fallen a little short of the revised top-end target of $285 million, but with pricing at a much lower read the full article →

Alphabet (Google) aims to upsize third catastrophe bond to $285m

Google’s holding company parent Alphabet, Inc. is hoping to upsize its third catastrophe bond transaction to provide it with as much as $285 million of California earthquake risk protection from the Phoenician Re Ltd. (Series 2021-1) issuance. At the same time, we're told that the pricing for the $250 million to read the full article →

Alphabet (Google) targets $250m+ third quake catastrophe bond

Google's holding company parent Alphabet, Inc. has returned to the catastrophe bond market for the third time, as it seeks to add another $250 million or more of California earthquake risk protection to its insurance arrangements with the help of insurance-linked securities (ILS) investors in a Phoenician Re Ltd. (Series read the full article →