Vision 2039 – 2025-1

Flood Re, the state-backed flood reinsurance pool in the United Kingdom, saw its entry to the insurance-linked securities (ILS) market with its debut catastrophe bond this year as key for it to “respond to the consequences of global climate risks” as it grapples with rising risks.

Perry Thomas, Chief Executive Officer (CEO) of Flood Re, has announced the successful completion of the company’s debut catastrophe bond, the £140 million London Bridge 2 PCC Limited (Vision 2039 – 2025-1) issuance, stating that it represents an “innovative transaction” that strengthens the firm’s reinsurance programme and enhances protection for UK households against flooding.

Flood Re, the state-backed flood reinsurance pool in the United Kingdom, has now secured the targeted £140 million in fully-collateralized UK flood retrocessional reinsurance from its debut catastrophe bond, the London Bridge 2 PCC Limited (Vision 2039 – 2025-1) issuance, with the notes priced at the top-end of initial guidance.

Flood Re, the state-backed flood reinsurance pool in the United Kingdom, has increased the target size for its debut catastrophe bond, with now UK £140 million in fully-collateralized flood retrocessional reinsurance sought from the London Bridge 2 PCC Limited (Vision 2039 – 2025-1) transaction.

Flood Re, the state-backed flood reinsurance pool in the United Kingdom, has entered the catastrophe bond market in search of £100 million in fully-collateralized UK flood retrocessional reinsurance, with a London Bridge 2 PCC Limited (Vision 2039 – 2025-1) transaction.