Peak Re seeking $75mn of cover in Black Kite Re issuance
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Peak Re seeking $75mn of cover in Black Kite Re issuance

Martha Muir
09 May 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Peak Re hong kong.jpg

Peak Reinsurance is seeking $75mn worth of cover from a Black Kite Re catastrophe bond issuance, which will be the carrier’s first ILS transaction.

Attaching at $12.5bn, it will provide per occurrence, Clix industry insured loss index cover against Japanese typhoons.

Its price guidance is 525-575 basis points (bps), equating to a midpoint multiple of 1.7x

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsCatastrophe bonds
MM
Martha Muir
Reporter
Gift this article