Yosemite Re Ltd. Series 2022-1

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.