Korean Re, the global reinsurance company headquartered in the country of its name, has now secured the targeted $75 million of multi-peril retrocession from its Solomon Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with the notes pricing at top and bottom ends of guidance, Artemis can report.
Nearly 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 then made its return to the cat bond market earlier this month, with a new Solomon Re 2026-1 cat bond offering, that seeks to renew and extend the retrocession the transaction provides.
FULL ORIGINAL PUBLICATION HERE