By Rebecca Delaney
July 2 - (The Insurer) - Ariel Re announced on Wednesday it has secured $150 million of coverage through a fifth catastrophe bond issued by Bermuda special purpose insurer Titania Re, which for the first time includes cover for U.S. wildfire.
Titania Re 2025-1 provides Ariel Re with $150 million of multi-peril retrocessional reinsurance protection with a state-weighted industry loss trigger over four years.
As in previous bonds, named storm and earthquake coverage is provided for the U.S., Puerto Rico, the U.S. Virgin Islands and Canada.
Titania Re 2025-1 has also introduced coverage for U.S. wildfire.
It marks the first time that Ariel Re has issued a four-year cat bond, with Syndicate 1910 as the ceding company.
The bond was successfully closed on July 1 with Ariel Re issuing two tranches of Series 2025-1 notes to investors.
Howden Capital Markets & Advisory acted as the sole structuring agent and joint bookrunner, with Aon Securities LLC also as joint bookrunner.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。