SD Re Ltd. Series 2018-1

The SD Re Ltd. (Series 2018-1) catastrophe bond transaction, which will be the second California wildfire cat bond covering third-party liability costs, has not grown in size while being marketed, remaining at $125 million while the pricing is expected to settle today at the middle of initial guidance.

A new catastrophe bond transaction has been launched to the market and the SD Re Ltd. (Series 2018-1) transaction is set to become the second California wildfire cat bond covering third-party liability costs, benefiting utility firm Sempra Energy and subsidiaries.