Korean Re, the global reinsurance company headquartered in the country of its name, is back to sponsor its second catastrophe bond, seeking $75 million or more in catastrophe retrocession and introducing parametric Israel earthquake as a new covered peril to this Solomon Re Ltd. (Series 2026-1) deal, Artemis can report.
Almost three years ago Korean Re sponsored its debut catastrophe bond, securing $75 million in US multi-peril catastrophe retrocession from its first Solomon Re 2023-1 issuance.
The reinsurer has returned for its second sponsorship with a new Solomon Re 2026-1 cat bond offering, that seeks to renew and extend the retrocession the transaction provides.
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