Pricing for VKB’s King Max Re cat bond settles at 5%

11 December 2023

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German P&C reinsurer VKB Re’s cat bond King Max Re has priced at 5%, the upper end of its initial price guidance of 4.25%-5%, this publication understands.

VKB has also finalised the number of notes on offer, offering EUR175mn ($188mn) of Class A principle at risk variable notes, having initially offered EUR150mn.

The

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Pricing for VKB’s King Max Re cat bond settles at 5%

German P&C reinsurer VKB Re’s cat bond King Max Re has priced at 5%, the upper end of its initial price guidance of 4.25%-5%, this publication understands.

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Pricing for VKB’s King Max Re cat bond settles at 5%

German P&C reinsurer VKB Re’s cat bond King Max Re has priced at 5%, the upper end of its initial price guidance of 4.25%-5%, this publication understands.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM