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A $300mn Merna Re 2018-1 cat bond has been listed on the Bermuda Stock Exchange (BSX), as the State Farm's Merna Re 2015-1 cat bond matures.
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The spread guidance for UPC's Armor Re II cat bond has dropped 11.76 percent taking the midpoint of the new range of 350-400 basis points (bps) while the target size remains unchanged at $100mn.
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Louisiana Citizens Property Insurance Corporation has launched a $100mn Pelican Re cat bond .
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The spread of Lassa fever has slowed in Nigeria, the World Health Organization (WHO) has said, as the number of deaths reached 100.
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Aspen Bermuda has launched a $150mn cat bond Kendall Re 2018-1 which will provide it with annual aggregate county-weighted cover for US multi-peril risk as well as protection against European storm risk.
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Cat bond issuance rose by 34 percent year on year in the first quarter, as the profile of risk was more diversified than in previous years, according to PCS.
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Stone Ridge's two reinsurance funds combined total net assets increased by 10 percent to reach $6.72bn at 31 January, according to Securities and Exchange Commission (SEC) filings.
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The US Federal Emergency Management Agency (Fema) has said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) through an insurance-Iinked securities (ILS) transaction on or around 1 July.
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Rajiv Punja, head of Arcus Syndicate 1856, has resigned, Trading Risk can reveal.
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American Integrity Insurance Company has returned to the cat bond market with the launch of the $85mn Integrity Re 2018-1 transaction.
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Everest Re has launched Kilimanjaro Re series 2018-1 and 2018-2, which have an initial combined target size of $300mn.
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Two tranches of Nationwide Mutual's Caelus cat bonds are expected to be nearly wiped out by 2017-18 losses, following an investor update which put the insurer's Winter Storm Riley claims at $90mn-$130mn, Trading Risk can reveal.
