Riverfront Re Ltd

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.

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.