Turicum Re Ltd. (Series 2026-1)

Zurich’s successful sponsorship of its $150 million Turicum Re Ltd. (Series 2026-1) issuance, which provides the firm with a multi-year and fully-collateralized source of US named storm and earthquake reinsurance protection, enables the company to re-establish its presence and reputation in the growing insurance-linked securities (ILS) market, Paolo Mantero, Head of Group Reinsurance has said.

Zurich has now secured its upsized target of $150 million of US named storm and earthquake reinsurance protection from its Turicum Re Ltd. (Series 2026-1) catastrophe bond, while the notes were priced to pay investors a spread roughly 7% below the mid-point of initial guidance, Artemis can report.

Zurich, the European headquartered global re/insurance company, is now aiming to secure up to $150 million of US named storm and earthquake reinsurance protection from its Turicum Re Ltd. (Series 2026-1) issuance, while the price guidance has been lowered for the notes on offer, Artemis can report.

Zurich, the European headquartered global re/insurance company, has returned to the catastrophe bond market to sponsor its first deal since late 2012, seeking $125 million or more in US named storm and earthquake reinsurance protection with a Turicum Re Ltd. (Series 2026-1) issuance, Artemis can report.