BMS Group has expressed pride in supporting US Coastal through its landmark catastrophe bond issuance, with Andras Bohm, CEO & Managing Director of BMS Capital Solutions & Advisory, describing the transaction as “the culmination of hard work and collaboration.”The $330 million Chartwell Re Ltd.Series 2025-1 cat bond, which closed successfully earlier this month, marks the first of its kind sponsored by US Coastal Insurance Company (USCIC) and US Coastal Property and Casualty Insurance Company (USCPC), together known as US Coastal.the deal was upsized from its original $310 million target and priced below guidance across all tranches of notes, a testament to strong investor demand and confidence in both sponsor and structure.

The $330 million Chartwell Re Ltd.2025-1 cat bond provides indemnity-triggered, per-occurrence reinsurance protection for US Coastal Insurance Company and US Coastal Property and Casualty Insurance Company.The bond covers named storm losses across key hurricane-exposed U.S.

markets including Alabama, Florida, Mississippi, New Jersey, New York, Rhode Island, and Texas.“BMS advised on the strategic redesign of US Coastal’s reinsurance program and helped introduce their story to the ILS community.” said Andras Bohm, CEO & Managing Director, BMS Capital Solutions & Advisory.

“The culmination of hard work and collaboration resulted in one of the largest cat bonds ever sponsored by a Demotech-rated carrier and one of the few shared-limit structures that have been successfully executed between separately owned underwriting companies.The strong investor response – with pricing 8-11% below the mid-point of the initial guidance – reflects the market’s confidence in both the structure and the sponsor.We are proud to have been part of this journey.” Bohm added.

BMS Capital Solutions & Advisory acted as joint structuring agent and joint bookrunner on the deal, which consolidates two prior reinsurance programs into a single, more efficient framework.Michael McNitt, CEO of Cabrillo Coastal General Insurance Agency, which manages the US Coastal platform, added: “We appreciate the tremendous effort, creative thinking, and solid execution demonstrated by all parties involved.We’re grateful for the strong support from capital markets investors and the continued backing of our industry-leading reinsurance partners.

“We value these relationships and look forward to growing and strengthening them in the future.” As a reminder, you can read all about this new .(Series 2025-1) catastrophe bond and every other cat bond deal in the .All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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