Mapfre Re targets $125mn with second Recoletos Re cat bond issuance
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Mapfre Re targets $125mn with second Recoletos Re cat bond issuance

The deal provides protection in Europe, after Mapfre Re’s debut bond last year covered US perils.

By Jai Singh
November 18, 2025
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mapfre logo Mapfre building in Valencia.png

Spanish reinsurer Mapfre Re has returned to the cat bond market for its second Recoletos Re issuance and is targeting EUR125mn ($146mn), with the bond having upsized from an initial $100mn, Insurance Insider ILS understands.

The

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