Korean Re launches $75mn cat bond via Solomon Re
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Korean Re launches $75mn cat bond via Solomon Re

US Currency: Wads of US bills fastened with rubber bands, close-up

Korean Re has issued a $75mn cat bond via its Solomon Re vehicle, fronted by Hannover Re, this publication understands.

The bond attaches at $110mn and has an exhaustion point of $285mn.

It will provide cover for territory-weighted insured industry losses on a per-occurrence basis for US named storm and earthquake events, as reported by PCS.


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