Wrigley Re Ltd. Series 2021-1

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Blackstone’s parametric Wrigley Re cat bond prices 20% below initial mid-point

The $50 million Wrigley Re Ltd. (Series 2021-1) catastrophe bond transaction, that will provide parametric earthquake insurance protection to a real estate captive insurer owned by investment giant Blackstone, has now been priced and its coupon fixed approximately 20% below the initial mid-point of price guidance. It's another strong example of read the full article →

Wrigley Re cat bond price guidance falls for Blackstone’s captive

Price guidance has fallen for the Wrigley Re Ltd. (Series 2021-1) catastrophe bond transaction, that is being issued to provide parametric earthquake insurance protection to Gryphon Mutual Insurance Company, a real estate captive insurer owned by investment giant Blackstone. The Wrigley Re 2021-1 parametric California earthquake cat bond remains at $50 read the full article →

Blackstone captive seeks $50m parametric quake cat bond Wrigley Re

Gryphon Mutual Insurance Company, a real estate captive insurer which we understand to be owned by investment giant Blackstone, is entering the catastrophe bond market with the help of global reinsurance firm Hannover Re, with the company seeking $50 million of parametric California earthquake protection from a Wrigley Re Ltd. read the full article →