Titania Re Ltd. Series 2021-1

The recently completed $150 million Titania Re Ltd. (Series 2021-1) catastrophe bond is an important part of Ariel Re’s strategy, according to the reinsurance firm’s CEO Ryan Mather, who also said that partnership with ILS investors is beneficial to the company,  its clients and its owners.

Global reinsurance firm Ariel Re has now finalised its first catastrophe bond to benefit its Lloyd’s of London Syndicate 1910 with a price drop of roughly 14%, as the coupon was fixed at the low-end of reduced guidance for its $150 million Titania Re Ltd. (Series 2021-1) retro cat bond.

The first catastrophe bond that will benefit reinsurance firm Ariel Re’s Lloyd’s of London Syndicate 1910 looks set to see its pricing fall by roughly 10%, as the marketed spreads dropped on the Titania Re Ltd. (Series 2021-1) retro cat bond.

Another new sponsor has entered the catastrophe bond market, with Ariel Re’s Lloyd’s of London Syndicate 1910 set to benefit from a targeted $150 million of retro protection from a Titania Re Ltd. (Series 2021-1) cat bond issuance, according to sources.