Another structure using the Merna Re name has been registered in Bermuda, suggesting State Farm could be back for more cat bond coverage soon
State Farm sets up Merna Re structure in Bermuda | | | State Farm sets up another Merna Re structure in Bermuda, likely for future cat bonds  We've learned that US primary insurance giant State Farm has registered a new company structure in Bermuda under the Merna Re naming convention that has applied to all of its catastrophe bonds, suggesting the insurer may be set to return to the capital markets for more reinsurance. State Farm has been sponsoring catastrophe bonds as a way to secure multi-year, fully-collateralized reinsurance backed by capital market investors since at least the year 2000. Merna Re Enterprise II Ltd. was established and registered in Bermuda last week, suggesting the insurer may be back to sponsor more cat bonds in the coming months. 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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