trending Market Intelligence /marketintelligence/en/news-insights/trending/1etyvbrmqoliemh4su00za2 content esgSubNav
In This List

Report: Acorn Re parametric US quake cat bond could upsize

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work

Blog

Expand Your Perspective: Data & Distribution Q&A


Report: Acorn Re parametric US quake cat bond could upsize

The size of the Acorn Re Ltd. series 2018-1 parametric earthquake catastrophe bond is set to increase to $400 million from $300 million, Artemis reported.

Sources told Artemis that the market's appetite for the bond has been strong as investors welcome the renewal deal. The bond provides workers compensation protection for the Kaiser Permanente health group and other reinsureds of Hannover Re.

Pricing lowered to the bottom of the coupon guidance range of 2.75% to 3.25%, the insurance-linked securities blog reported.

Hannover Re is the ceding reinsurer. Oak Tree Assurance Ltd., the Vermont domiciled workers compensation captive owned by the Kaiser Permanente group of health plan companies, is the ceding insurer.