State Farm cat bond lite placements raise $1.6bn
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State Farm cat bond lite placements raise $1.6bn

The cat bond limit total is an uplift of around 60% on the carrier’s 2024 bonds.

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State Farm has issued several Merna Re private cat bond notes totalling $2bn of limit, across Bermuda vehicles Merna Re II, Merna Re Companywide and Merna Re Enterprise.

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