Yosemite Re Ltd

Core Specialty Insurance Holdings, Inc. has now finalised its new Yosemite Re Ltd. (Series 2025-1) catastrophe bond, we are told, securing the 27% upsized $95 million target for catastrophe reinsurance from the deal, while the notes were priced at the top-end of initial guidance.

Core Specialty Insurance Holdings, Inc. has increased the target size for its new Yosemite Re Ltd. (Series 2025-1) catastrophe bond, with now up to $95 million of catastrophe reinsurance sought from the deal which, like its first, will cover its StarStone US entities to begin.

Core Specialty Insurance Holdings, Inc. is back in the catastrophe bond market targeting $75 million of US peak peril reinsurance protection from a Yosemite Re Ltd. (Series 2025-1) cat bond, which like its first will cover its StarStone US entities to begin.

The first catastrophe bond to be sponsored by insurance group Core Specialty is a rare excess and surplus (E&S) focused transaction, the company said as it hailed completion of its new $65 million Yosemite Re Ltd. (Series 2022-1) catastrophe bond alongside its reinsurance renewal.

The new Yosemite Re Ltd. (Series 2022-1) catastrophe bond that will protect Core Specialty-owned insurers under the StarStone brand to begin has now been priced at a slightly reduced $65 million in size, with a coupon at the top-end of guidance, Artemis can report.

The first catastrophe bond to be sponsored by re/insurer Core Specialty, the Yosemite Re Ltd. (Series 2022-1) deal we first wrote about earlier this month, looks like it could struggle to reach its targeted minimum for size, with the issuance now updated to seeking between $65 million and $75 million of multi-peril US reinsurance for […]

A new Yosemite Re Ltd. (Series 2022-1) catastrophe bond has been launched with a target to secure at least $75 million of multi-peril US reinsurance from the capital markets, to protect Core Specialty-owned insurers under the StarStone brand to begin.