VKB Re increases target size of King Max Re cat bond
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VKB Re increases target size of King Max Re cat bond

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German P&C reinsurer VKB Re has updated its pricing for cat bond King Max Re and increased the number of notes on offer, this publication understands.

The insurer is offering EUR150mn-EUR175mn ($139mn-$162.2mn) of Class A principle at-risk variable notes, having initially offered EUR150mn.

VKB Re has provided an updated price guidance of 5%, at the upper end of its initial price guidance of 4.25%-5%,

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