The secondary market price for the $100 million Class A notes of Farmers Insurance Group's Topanga Re Ltd. (Series 2021-1) catastrophe bond has recovered further
Risk of Topanga Re cat bond wildfire loss seen declining | | | Topanga Re cat bond price recovers further, as risk of wildfire loss seen declining  We're told by sources that the secondary market price for the $100 million Class A notes of Farmers Insurance Group's Topanga Re Ltd. (Series 2021-1) catastrophe bond has recovered further, as the cat bond market views the risk of principal losses from the California wildfires as having declined. Immediately after the wildfires, the Topanga Re cat bond notes were viewed as one of the indemnity per-occurrence deals that faced the highest risk of possible losses resulting in their pricing down. But now, much of the decline has been recovered as the market views the risk of principal losses as greatly reduced. Read the full story. | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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