We're told it is the biggest ever cat bond issuance sponsored in a single visit to the capital markets
State Farm sponsors record $1.55bn Merna Re II 2025 | | | State Farm in record cat bond sponsorship, with $1.55bn Merna Re II 2025  We've learned that State Farm has been back in the catastrophe bond market in recent weeks and has now secured what is a record amount of reinsurance limit from the capital markets in a single visit in cat bond form, as it priced $1.55 billion of multi-peril protection via sponsorship of four Merna Re II Ltd. (Series 2025) cat bonds. Details are for now limited, but at $1.55 billion this becomes the largest single catastrophe bond sponsorship ever seen, narrowly beating the recent Everglades from Florida Citizens. In total, the new Merna Re II 2025-1 cat bond will provide State Farm with a $1.55 billion source of indemnity reinsurance protection over a term running to the end of June 2028. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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