Your search for “caelus”

The primary issuance market for catastrophe bond transactions is waking up after an unusually quiet start to 2013 as U.S. P&C insurer Nationwide Mutual looks to return to the catastrophe bond market with its third cat bond, Caelus Re 2013 Ltd. Nationwide Mutual’s Caelus Re II cat bond matures in May and the insurer clearly […]

Nationwide Mutual has successfully closed it’s second catastrophe bond deal under it’s Cayman Islands SPV Caelus Re. Caelus Re II Ltd. is designed to provide Nationwide with three years of indemnity cover on a per-occurrence basis against hurricanes and earthquakes within the U.S.

Nationwide Mutual has returned to the catastrophe bond market with a renewal of its Caelus Re transaction. The new $200m deal is dubbed Caelus Re II Ltd. and is expected to close this week.

Caelus Re Ltd. has issued $250m of variable rate notes on behalf of Nationwide Mutual Insurance and some of it’s subsidiaries and affiliates. The notes will provide capital market protection for a reinsurance agreement providing Nationwide cover for U.S. hurricanes and earthquakes. Full details in our Deal Directory.

U.S. primary insurer Nationwide Mutual Insurance Company has now secured a doubling in size of its new catastrophe bond, with the Aquila Re I Ltd. (Series 2023-1) transaction set to provide the insurer $300 million of multi-peril reinsurance, while pricing of all the notes was finalised at levels below the initial spread guidance.

U.S. primary insurer Nationwide Mutual Insurance Company is now seeking to double the size of its new catastrophe bond, with its target for the deal now lifted to $300 million of multi-peril US catastrophe reinsurance, from this Aquila Re I Ltd. (Series 2023-1) transaction.

U.S. primary insurer Nationwide Mutual Insurance Company has returned to the catastrophe bond market for the first time since 2020, seeking $150 million or more in multi-peril US catastrophe reinsurance from the capital markets, with an Aquila Re I Ltd. (Series 2023-1) transaction.

We wanted to provide a list of catastrophe bond names, for those transactions that are currently felt to be most at-risk of losses after major hurricane Ian’s landfall in Florida.

Pricing dynamics in the catastrophe bond market are helping to drive the performance of cat bond funds, despite the negative hit taken back in February due to the US winter storms and the losses that event has driven, insight from Plenum Investments suggests.

Here are the ten most popular news articles, week ending 18th April 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.