Palomar Specialty raises $200mn of quake cover with Torrey Pines bond
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Palomar Specialty raises $200mn of quake cover with Torrey Pines bond

Palomar logo San Jolla CA 2022.jpg

Palomar Specialty has secured $200mn of earthquake coverage with its Torrey Pines cat bond, across $150mn of Class A notes and $50mn of Class B notes.

The transaction achieved higher multiples on lower expected losses than last year's issuance.

The Class A notes, which provide indemnity, per occurrence quake coverage for California, sized at $150mn, up from an initial target of $100mn.

Pricing

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
Gift this article