Palomar completes $400mn Torrey Pines Re cat bond deal
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Palomar completes $400mn Torrey Pines Re cat bond deal

Palomar logo La Jolla California jt.jpg

Palomar has completed a $400mn cat bond issuance, indemnifying the carrier against a major earthquake event, in a deal scaled up by a quarter on strong demand.

Singapore-domiciled Torrey Pines Re is the special purpose entity that issued the bond, in a return to the ILS market for Palomar, which placed its 2020 programme as a traditional reinsurance treaty.

Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article