-
CA Fairplan’s Golden Bear Re deal upsized 200% to $750mn. -
Migdal Insurance placed its debut cat bond Turris Re for $100mn of quake limit.
-
North Carolina Farm Bureau raised $500mn with its latest Blue Ridge Re cat bond deal.
-
The cat bond market is on course for $56bn of notional outstanding by the end of this year.
-
The average weighted spread on the deals was 651bps, skewed upward by cyber and wildfire deals.
-
One William Street priced its debut cat bond 13% below the midpoint of guidance.
-
Covea’s Hexagon IV Re deal priced 13% below the initial target on a weighted average basis.
-
So far this year, there have been 11 first-time sponsors to place a deal.
-
Spreads on USAA’s latest deal priced below comparative issuances in 2023-2024.
-
Some $400mn of bonds priced in the past week, after a record-setting H1.
-
Everest Re increased the targeted size of Kilimanjaro Re across all four classes of notes.
-
The California Earthquake Authority upsized its Ursa Re deal by 60% to $400mn.
