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

19 May 2012

Mariah closes 100bps below guidance

3 November 2010

New cat bond sponsor American Family Mutual Insurance finalised pricing on its $100mn Mariah Re transaction yesterday (2 November), with a spread 1 percent below the lower end of initial price guidance, Trading Risk understands.

The cat bond will provide the largest US mutual P&C insurer with three years of cover against US thunderstorm, which sees not just a new sponsor, but a new peril introduced to the ILS market.

Broker Aon Benfield acted as sole bookrunner on Mariah Re...

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