Korean Re prices $75mn Solomon Re cat bond at 5.25%

13 June 2023

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Korean Re has priced its Solomon Re cat bond at 5.25%, the lower edge of its guidance of 5.25%-6%, this publication understands.

The bond, fronted by Hannover Re, will provide cover for territory-weighted insured industry losses on a per-occurrence basis for US named storm and earthquake events, as reported by PCS.

The

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Korean Re prices $75mn Solomon Re cat bond at 5.25%

Korean Re has priced its Solomon Re cat bond at 5.25%, the lower edge of its guidance of 5.25%-6%, this publication understands.

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Korean Re prices $75mn Solomon Re cat bond at 5.25%

Korean Re has priced its Solomon Re cat bond at 5.25%, the lower edge of its guidance of 5.25%-6%, this publication understands.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PCS puts second Hurricane Milton insured loss at $15bn

Fidelis seeking $300mn of named storm and quake coverage

US carriers target cat bond market as deal multiples hold up

Oak Re secures Bain Capital as minority backer ahead of 1.1 launch

ILS market sizing Hurricane Milton losses at around $20bn