CA wildfire-specific Randolph Re bond marked for $34.13mn implied loss
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CA wildfire-specific Randolph Re bond marked for $34.13mn implied loss

The bond went on watch after Mercury said it would exceed its $150mn retention.

By Jai Singh
January 30, 2025
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California Wildfires 2019: Kinkade Fire

Mercury’s Randolph Re 2024-1 private cat bond was marked at 25c on the dollar in the secondary market, according to pricing sheets on 24 January, implying a dollar loss to the deal of $34.13mn,

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News Catastrophe bonds Catastrophe losses California ILS Property treaty
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