Peak Re has now successfully priced its second catastrophe bond with the Black Kite Re Limited (Series 2025-1) issuance set to provide the targeted $50 million of retrocession across Japanese typhoon and earthquake risks on an industry-loss basis, as well as China and India earthquakes using a parametric trigger.
The Hong Kong headquartered global reinsurance company returned to the catastrophe bond market earlier this month, aiming to secure $50 million or more in retrocessional reinsurance from this Black Kite Re 2025-1 deal.
Now, we’re told the targeted $50 million size has been achieved, while the pricing of the notes has been finalised at the upper-end of the initial guidance.
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