Topanga Re Ltd

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Investors welcomed subrogation feature of Topanga Re cat bond: Swiss Re’s Monnier

According to Jean-Louis Monnier, head of retrocession & ILS structuring at Swiss Re Capital Markets, an "innovative subrogation extension mechanism" that featured in Farmers Insurance Group's $160 million Topanga Re Ltd. (Series 2021-1) catastrophe bond issuance was welcomed by investors. Farmers today hailed the completion of its first catastrophe bond, read the full article →

Farmers upsizes Topanga Re cat bond to $160m at top-end pricing

Farmers Insurance Group has now secured the slightly upsized $160 million of collateralized reinsurance protection from its first catastrophe bond, with the Topanga Re Ltd. (Series 2021-1) issuance set to provide the Zurich-linked insurer with multi-year aggregate cover across peak perils. Farmers Insurance, the US insurer that also operates across reciprocal read the full article →

Farmers lifts Topanga Re cat bond target to $150m – 160m

Farmers Insurance Group is now targeting up to $160 million of collateralized reinsurance protection from its first catastrophe bond, as the Topanga Re Ltd. (Series 2021-1) issuance grew during marketing, while its pricing was fixed at the upper-end of guidance. Farmers Insurance, the US insurer that also operates across a number read the full article →

Farmers targets first catastrophe bond, with $100m+ Topanga Re

Farmers Insurance Group, the US insurer that also operates across a number of reciprocal insurer brands and has links to Zurich Insurance Group, is sponsoring its first catastrophe bond, seeking at least $100 million of multi-peril US catastrophe reinsurance protection from the capital markets, with a Topanga Re Ltd. (Series read the full article →