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Palomar adds incremental reinsurance renewal limit. Cat bond cover hits $675m

Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, significantly increased its reinsurance program limit at the mid-year renewals, expanding coverage by $630 million. Palomar added $430 million of incremental reinsurance limit for earthquake coverage and $200 million of incremental windstorm related limit as well at read the full article →

Palomar gets Torrey Pines Re cat bond at $275m with raised pricing

Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, has now secured its latest Torrey Pines Re Ltd. (Series 2022-1) catastrophe bond at the revised lower-end $275 million target size, but with its coupons priced at the elevated levels we reported yesterday. Palomar returned to the read the full article →

Palomar’s new Torrey Pines cat bond sees considerable price rise

The latest catastrophe bond from Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, has had its pricing hiked considerably, with the coupons for both tranches of the still $300 million target Torrey Pines Re Ltd. (Series 2022-1) deal rising well above their initial guidance. It's read the full article →

Palomar targets $300m Torrey Pines Re 2022 earthquake cat bond

Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, is back in the catastrophe bond market, sponsoring its third issuance, with a Torrey Pines Re Ltd. (Series 2022-1) deal through which it is seeking $300 million or more of US earthquake reinsurance protection. Palomar first sponsored read the full article →

Palomar shuns Torrey Pines cat bond renewal due to pricing & terms

Palomar Insurance Holdings, the speciality California-based insurer that provides largely catastrophe exposed property covers, cancelled its plans to renew its maturing catastrophe bond transaction in March, when it saw the way pricing and terms were firming in the insurance-linked securities (ILS) market. Palomar sponsored its first catastrophe bond back in 2017, read the full article →

Palomar “thrilled” with completion of first cat bond Torrey Pines Re

Palomar Specialty Insurance Company said today that it is thrilled with the successful execution of its first catastrophe bond transaction, the $166 million Torrey Pines Re Ltd. (Series 2017-1) which will provide the insurer with a capital markets source of earthquake, named storms and severe thunderstorm reinsurance protection. "We are thrilled read the full article →

Palomar Specialty’s Torrey Pines Re cat bond upsizes to $166m

California-based Palomar Specialty Insurance Company is set to complete its first catastrophe bond, the Torrey Pines Re Ltd. (Series 2017-1) deal, at an upsized $166 million and with pricing looking likely to settle around the mid to bottom of guidance. Private equity owned Palomar Specialty Insurance Company entered the cat bond read the full article →

Torrey Pines Re cat bond launched for Palomar Specialty at $143m

A new catastrophe bond sponsor is coming to market with its first transaction, as a Torrey Pines Re Ltd. (Series 2017-1) deal targets $143 million of collateralized reinsurance protection for California-based Palomar Specialty Insurance Company. Palomar Specialty Insurance Company is privately owned by private equity specialists Genstar Capital and has been read the full article →