Turicum Re Ltd

Zurich, the European headquartered global re/insurance company, said this morning its has secured a significant $1 billion quota share reinsurance arrangement to support its growing business in underwriting data centre risks, while it has also broken out its US peak peril catastrophe reinsurance tower in its disclosures, now showing its recent catastrophe bond.

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.