Mercury prices $150mn Luca Re cat bond at 725bps
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Mercury prices $150mn Luca Re cat bond at 725bps

This comes in at the lower end of the initial spread guidance of 725-775 bps.

By Abbie Day
July 02, 2025
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Mercury General has priced its 144A cat bond Luca Re, securing $150mn of wildfire and post-quake fire coverage, up from an initial $100mn target, Insurance Insider ILS understands.

The

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News Catastrophe bonds Property treaty ILS managers North America California Wildfire
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