Riverfront Re Ltd

Great American Insurance Group has now secured $310 million of multi-peril collateralized reinsurance through its new Riverfront Re Ltd. (Series 2025-1) catastrophe bond transaction, which represents 38% more in protection than the insurer had initially targeted from the deal and its largest cat bond yet, according to our sources.

Great American Insurance Group is now targeting between $300 million and $350 million in multi-peril collateralized reinsurance through its Riverfront Re Ltd. (Series 2025-1) transaction, so likely to be its largest catastrophe bond issuance yet, while price spread guidance has been updated for the tranches of notes, Artemis has learned.

Great American Insurance Group is back in the catastrophe bond market with a target to secure $225 million or more in multi-peril collateralized reinsurance from the capital markets through a Riverfront Re Ltd. (Series 2025-1) transaction, which will be its fourth cat bond sponsorship, Artemis can report.

Great American Insurance Group has now secured the upsized target of $305 million of reinsurance protection with its new Riverfront Re Ltd. (Series 2021-1) catastrophe bond transaction.

Great American Insurance Group is another sponsor looking to maximise its reinsurance protection from the capital markets this year and take advantage of strong cat bond market execution, with its Riverfront Re Ltd. (Series 2021-1) transaction now targeting up to $305 million of protection for the company.

Great American Insurance Group has returned to insurance-linked securities (ILS) for what will be its third and likely largest catastrophe bond issuance, with a $200 million Riverfront Re Ltd. (Series 2021-1) transaction now being offered to the ILS market’s investor-base.

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.

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.