Riverfront Re Ltd. Series 2017-1

The pricing has been fixed on both tranches of Great American Insurance Group’s second catastrophe bond, the $190 million Riverfront Re Ltd. (Series 2017-1) transaction, with the lower risk notes pricing at the top-end of guidance, while the higher risk tranche priced at the low-end.

Great American Insurance Group is seeking to renew, extend and double in size its catastrophe bond backed reinsurance coverage, with the launch of a $190 million Riverfront Re Ltd. (Series 2017-1) transaction that covers more perils and is twice the size of its 2014 cat bond.