Global reinsurance company SCOR has now secured the 20% upsized target for $240 million in fully-collateralized retrocession from its new Atlas Capital DAC (Series 2025-1) catastrophe bond, with the notes now priced 6.5% below the mid-point of initial spread guidance, Artemis has learned.SCOR returned to the cat bond market in March, with an initial target … Read more
Florida Peninsula Insurance Company has now successfully priced its latest catastrophe bond transaction, securing the 43% upsized target of $250 million of named storm reinsurance protection from the new Palm Re Ltd. (Series 2025-1) issuance, while pricing of the notes was finalised roughly 10% below the mid-point of the initial guidance range, Artemis has learned.Florida … Read more
Artemis has learned that SageSure, the coastal property managing general underwriter, has now successfully priced its latest catastrophe bond, securing the 20% upsized $150 million in named storm reinsurance sought from the Gateway Re Ltd. (Series 2025-2) issuance that will protect the Aurous and Elevate reciprocal exchanges.At the same time as securing the upsized amount … Read more
US primary insurer Allstate has now successfully priced its latest catastrophe bond transaction, securing the upsized 150% target of $750 million of collateralized multi-peril and multi-year catastrophe reinsurance protection from the Sanders Re II Ltd. (Series 2025-1) issuance, which marks the company’s joint-largest cat bond sponsorship ever.Allstate returned to the catastrophe bond market in February … Read more