Peak Re seeking $75mn of cover in Black Kite Re issuance
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Peak Re seeking $75mn of cover in Black Kite Re issuance

Martha Muir
09 May 2022
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Peak Reinsurance is seeking $75mn worth of cover from a Black Kite Re catastrophe bond issuance, which will be the carrier’s first ILS transaction.

Attaching at $12.5bn, it will provide per occurrence, Clix industry insured loss index cover against Japanese typhoons.

Its price guidance is 525-575 basis points (bps), equating to a midpoint multiple of 1.7x

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Topics

NewsCatastrophe bonds
MM
Martha Muir
Reporter
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