Torrey Pines Re Ltd. (Series 2023-1)

Palomar Insurance Holdings has purchased a reinsurance tower extending to $2.68 billion for earthquake events, with multi-year ILS capacity from its catastrophe bonds now providing $875 million of limit, thanks to its recently completed fourth cat bond deal.

As we’ve been reporting, Palomar Insurance Holdings has been in the catastrophe bond market and secured $200 million in earthquake reinsurance with a Torrey Pines Re Ltd. (Series 2023-1) issuance.

Palomar Insurance Holdings has now successfully upsized its newest catastrophe bond by one-third, with the catastrophe-exposed property insurer now having priced $200 million of US earthquake reinsurance with this Torrey Pines Re Ltd. (Series 2023-1) issuance.

Palomar Insurance Holdings is the latest to upsize its ambitions for its latest catastrophe bond, with the catastrophe-exposed property insurer now seeking $200 million of US earthquake reinsurance from this Torrey Pines Re Ltd. (Series 2023-1) issuance.

Palomar Insurance Holdings is back in the catastrophe bond market for its fourth issuance, seeking $150 million or more in US earthquake reinsurance from the capital markets with this Torrey Pines Re Ltd. (Series 2023-1) issuance.