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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 →

Cincinnati Financial on its expanded Skyline Re 2014 catastrophe bond

Cincinnati Financial Corporation, parent of Cincinnati Insurance Company the ceding insurer and sponsor of the recent Skyline Re Ltd. (Series 2014-1) catastrophe bond, has discussed the expanded reinsurance coverage its second cat bond provides.During the Cincinnati Financial fourth-quarter 2013 earnings call, President and CEO Steve Johnston, discussed the January 1 renewal of read the full article →

$100m Skyline Re 2014 cat bond arranged for Cincinnati Insurance by JLT

The Cincinnati Insurance Company, a subsidiary of Cincinnati Financial Corporation, has returned to the catastrophe bond market for its second and largest issuance, with a $100m Skyline Re Ltd. (Series 2014-1) arranged by Jardine Lloyd Thompson Capital Markets.Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., part of reinsurance broker JLT Towers Re, read the full article →