Skyline Re Ltd. (Series 2017-1)

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Cincinnati’s losses get closer to Skyline Re cat bond trigger at end of Q3

Cincinnati Financial Corporation’s aggregated catastrophe and severe weather losses continued to rise through the third-quarter of 2019, with the total after deductibles now reaching reach 79% of the way to the trigger attachment point of its $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond.The Cincinnati Insurance Company, part of read the full article →

Cincinnati’s losses reach 74% of Skyline Re cat bond trigger at end of Q2

Cincinnati Financial Corporation’s aggregated catastrophe and severe weather losses over the first-half of 2019 have been sufficiently severe to reach 74% of the way towards the trigger attachment point of its $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond.The Skyline Re catastrophe bond was sponsored in January 2017 by read the full article →

Cincinnati’s Skyline Re cat bonds aggregate retention 32% eroded after Q3

The aggregate buffering layer and retention sitting beneath the convective storm coverage of Cincinnati Financial Corporation's $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond had been 32% eroded due to qualifying catastrophe losses by the end of the third-quarter of this year.The Skyline Re cat bond was sponsored in read the full article →

Cincinnati’s Skyline Re cat bond buffer eroded by convective storms in Q1

The privately placed $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond is once again experiencing a rising risk profile, as severe convective storm losses from the first-quarter of 2018 have eroded some of the aggregate buffering layers and retention sitting beneath the cat bond.The Skyline Re 2017 cat bond's read the full article →

Skyline Re cat bond deductible erosion continues, but pace slows

Erosion of the deductible layer sitting beneath the $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond has slowed in the second-quarter of 2017, with the $106 million of qualifying losses reported after the first-quarter only rising to $119 million by the middle of the year.The Skyline Re 2017-1 catastrophe read the full article →

Risk of Skyline Re cat bond loss reflected in broker pricing

After primary insurer The Cincinnati Insurance Companies (Cincinnati) reported Q1 2017 catastrophe losses of around $106 million (pre-tax), which will have eroded some of the buffering layers and retention beneath its $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond, broker pricing sheets are now reflecting an increased risk of loss read the full article →

Cincinnati’s thunderstorm losses to erode Skyline Re cat bond buffer

Catastrophe losses suffered by primary insurer The Cincinnati Insurance Companies (Cincinnati) during the first-quarter of 2017 have now reached approximately $106 million (pretax), according to the insurer, which will have eroded some of the buffering layers and retention beneath its $180 million Skyline Re Ltd. (Series 2017-1) private cat bond.Cincinnati read the full article →

Cincinnati grows cat bond cover with $180m Skyline Re 2017-1

The Cincinnati Insurance Companies has significantly increased the size of its catastrophe bond and collateralised reinsurance protection with the successful issuance of a privately placed $180 million Skyline Re Ltd. (Series 2017-1) issuance with the help of Jardine Lloyd Thompson Capital Markets (JLTCM).Cincinnati Insurance have now sponsored three catastrophe bonds, read the full article →