GeoVera Nova insurance entities have now secured the targeted $350 million of US earthquake reinsurance protection from the new Veraison Re Ltd. (Series 2026-1) catastrophe bond at slightly lower pricing than initially projected, Artemis has learned.
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We understand that the price guidance has been lowered slightly for the new Veraison Re Ltd. (Series 2026-1) catastrophe bond issuance, while the target remains $350 million in fully-collateralized US earthquake reinsurance protection for the ceding insurer GeoVera entities.
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GeoVera Nova insurance entities are seeking $350 million or more in US earthquake reinsurance protection from a new Veraison Re Ltd. (Series 2026-1) catastrophe bond, Artemis has learned.
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