Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

Search archive

Caelus D triggers as Nationwide takes major fire loss

6 December 2017

The $75mn class D layer of Nationwide Mutual's Caelus Re V cat bond has triggered and is expected to be a significant loss after the insurer recorded major wildfire claims, according to sources.

The sponsor previously issued a warning that the California fires might impact its cat bonds, as Nationwide's aggregate claims had reached more than halfway to the bond's $1.5bn deductible by October.

But sources said the insurer has now notified investors that its aggregate losses for the year...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.