Munich Re, the global reinsurer, has now successfully secured the tripling in size of its new Queen Street 2023 Re dac catastrophe bond transaction to $300 million, becoming the biggest cat bond ever sponsored by the company.
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Munich Re has again lifted the target size for its new catastrophe bond, with the reinsurer now seeking up to $300 million of US named storm retrocessional reinsurance protection from the Queen Street 2023 Re dac transaction.
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Global reinsurance giant Munich Re is the latest to target an upsized issuance for its new catastrophe bond, with the reinsurer now seeking $200 million in US named storm retrocession from the Queen Street 2023 Re dac transaction.
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Global reinsurance giant Munich Re is returning to the catastrophe bond market to sponsor its first issuance since 2016, seeking $100 million or more in US named storm retrocession with a Queen Street 2023 Re dac transaction.
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