Inigo Insurance’s sponsorship of its fifth and largest catastrophe bond yet, the $255 million issuance, which is more than double the size of any of the company’s previous cat bonds, is expected to serve as a “cornerstone” of the firm’s capital stack, Adam Alvarez, Head of Capital and Climate Strategy, said today.As we’ve been reporting, Inigo Insurance successfully priced its fifth and largest cat bond sponsorship earlier this month, with two of the Montoya Re 2025-2 tranches of notes on offer pricing within their initial range, and one tranche pricing within a revised range.marks the second Inigo-sponsored series to feature multiple tranches, while also bringing a new peril to its program of deals, in Australian earthquake risk.This new cat bond issuance provides Inigo with $255 million of multi-year retrocessional reinsurance coverage for the peak perils of U.S.

named storms, U.S.and Canada earthquakes and Australian earthquake risks, with each of the three tranches of notes utilising PCS and PERILS based industry loss index triggers.Inigo’s Syndicate 1301 at Lloyd’s of London will remain the beneficiary of the coverage.

Furthermore, with a $110 million  cat bond scheduled to mature in April 2026, this new cat bond will expand Inigo’s cat bond protection to $470 million after that maturity.It’s also important to highlight, that Inigo’s previous catastrophe bonds have secured a total of $440 million of collateralized retrocessional reinsurance, which you can read about in our .Adam Alvarez, Head of Capital and Climate Strategy at Inigo commented: “We are very pleased to have returned to the catastrophe bond market for the fifth consecutive year.

This transaction expands our rolling programme of protection which has grown with Inigo.“At $255m, the transaction is more than double the size of any previous issuance and will be a cornerstone of our capital stack.” He continued: “This year, we have introduced Australian earthquake risk and extended the tenor of the bonds to a little over four years.By splitting the cover into three tranches, we were able to match our various hedging requirements with different investor appetites.” As a reminder, you can read all about this new  catastrophe bond, as well as details on every other cat bond issued in our extensive Artemis Deal Directory..

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