Having recently secured its debut catastrophe bond, the $100 million Maschpark Re Ltd. (Series 2024-1) parametric earthquake issuance, German re/insurance group Talanx has said that the protection augments its need for reinsurance and to cover earthquake risks in Chile as its business grows.
As we began reporting on November 7th, Talanx AG, the German insurance and reinsurance group, entered the catastrophe bond market with its debut transaction, seeking $100 million in parametric triggered, multi-year Latin America earthquake protection.
In our second article on this cat bond, we reported that the size of the issuance was unchanged, but like many other recent catastrophe bond issues the price guidance was narrowed and lowered towards the bottom-end of the range.
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