Solomon Re Ltd. Series 2023-1

Another first for the catastrophe bond market in 2023, as Korean Re, the global reinsurance company headquartered in the country of its name, is set to become the beneficiary of the retrocessional coverage provided by a now-priced $75 million Solomon Re Ltd. (Series 2023-1) cat bond.

Korean Re, the global reinsurance company headquartered in the country of its name, is the latest debut entrant to the catastrophe bond market that will benefit from capital market coverage in 2023, thanks to a new Solomon Re Ltd. (Series 2023-1) issuance that targets $75 million or more in US multi-peril catastrophe retrocession.