Riverfront Re Ltd. Series 2014-1

Great American Insurance Group’s first visit to the catastrophe bond market with the $95m Riverfront Re Ltd. (Series 2014-1) issuance has resulted in pricing right at the bottom of an already reduced range for the insurer.

Price guidance for the $95m Riverfront Re Ltd. (Series 2014-1) catastrophe bond, being issued on behalf of first time cat bond sponsor Great American Insurance Group, has dropped to below the original range, Artemis understands.

We now have further information and pricing details on the latest catastrophe bond to hit the market, the $95m Riverfront Re Ltd. (Series 2014-1) from first time cat bond sponsor U.S. property casualty insurer Great American Insurance Group.

A new catastrophe bond transaction named Riverfront Re Ltd. (Series 2014-1) has been launched to the ILS investment market on behalf of first time cat bond sponsor, U.S. property and casualty insurer Great American Insurance Group.