Farmers Insurance Exchange closes on $160mn catastrophe bond
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Farmers Insurance Exchange closes on $160mn catastrophe bond

Eileen AJ Connelly
23 December 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

Farmers Insurance Exchange said it has closed its first cat bond, a two-tranche Topanga Re deal that provides indemnity protection against US named storms, earthquakes, severe weather and fire and included an innovative subrogation extension feature.

The first tranche was $100 million of Series 2021-1 Class A Notes offering four years of per-occurrence protection. The second, $60 million of Series 2021-1 Class B Notes.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsCatastrophe bondsFarmers
EC
Eileen AJ Connelly
Gift this article