{"id":50563,"date":"2026-04-17T11:59:10","date_gmt":"2026-04-17T11:59:10","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/50563\/"},"modified":"2026-04-17T11:59:10","modified_gmt":"2026-04-17T11:59:10","slug":"zurich-closes-150m-cat-bond-covering-u-s-named-storms-and-earthquakes","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/50563\/","title":{"rendered":"Zurich closes $150m cat bond covering U.S. named storms and earthquakes"},"content":{"rendered":"<p>Large insurer Zurich has returned to the catastrophe bond market, successfully closing a $150 million catastrophe bond covering U.S. named storms and earthquakes through the <a href=\"https:\/\/www.artemis.bm\/deal-directory\/turicum-re-ltd-series-2026-1\/\" rel=\"nofollow noopener\" target=\"_blank\">Turicum Re 2026-1 issuance<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-151891\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/zurich-logo.png\" alt=\"Zurich logo\" width=\"360\" height=\"225\"  \/>This Turicum Re Ltd. Series 2026-1 issuance is the first Rule 144A natural catastrophe bond sponsored by Zurich since late 2012.<\/p>\n<p>Turicum Re Ltd. provides an additional source of multi-year reinsurance protection against losses from U.S. named storms and earthquakes, forming part of Zurich\u2019s diversified natural catastrophe risk reinsurance strategy.<\/p>\n<p>The cat bond is structured on a per-occurrence basis with an indemnity trigger. The strong risk quality of Zurich\u2019s property portfolio made the offering attractive to investors, enabling Zurich to successfully close the bond at its target capacity and below guidance pricing.<\/p>\n<p>To read further details on <a href=\"https:\/\/www.artemis.bm\/deal-directory\/turicum-re-ltd-series-2026-1\/\" rel=\"nofollow noopener\" target=\"_blank\">Turicum Re Ltd. (Series 2026-1)<\/a>, or other catastrophe bonds and related ILS transactions, visit our sister publication <a href=\"https:\/\/www.artemis.bm\/deal-directory\/\" rel=\"nofollow noopener\" target=\"_blank\">Artemis\u2019 Deal Directory<\/a>.<\/p>\n<p>Paolo Mantero, Head of Group Reinsurance for Zurich, said, \u201cTuricum Re enables Zurich to re-establish its presence and reputation in the growing and important ILS market.<\/p>\n<p>\u201cInsurance-linked securities are an established and strategic source of reinsurance capacity that can provide additional flexibility and cost efficiency, complementing Zurich\u2019s traditional reinsurance relationships.\u201d<\/p>\n<p>James Bracken, Chief Financial Officer of Zurich North America, added, \u201cThe successful placement of the cat bond is the result of the great work Zurich has done in managing its nat-cat exposure while growing its market share in the property market.<\/p>\n<p>\u201cWe view this as an important tool to continue to confidently offer best-in-class property protection to our commercial customers.\u201d<\/p>\n<p>                    <a href=\"#\" rel=\"nofollow\" onclick=\"window.print(); return false;\" title=\"Printer Friendly, PDF &amp; Email\"><br \/>\n                    <img decoding=\"async\" class=\"pf-button-img\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/03\/1774901714_417_printfriendly-pdf-button-nobg-md.png\" alt=\"Print Friendly, PDF &amp; Email\" style=\"width: 124px;height: 30px;\"\/><br \/>\n                    <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Large insurer Zurich has returned to the catastrophe bond market, successfully closing a $150 million catastrophe bond covering&hellip;\n","protected":false},"author":2,"featured_media":2905,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2569,28919,28920,51],"class_list":{"0":"post-50563","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zurich","8":"tag-cat-bond","9":"tag-catastrophe-bonds","10":"tag-ils","11":"tag-zurich"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/50563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=50563"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/50563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/2905"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=50563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=50563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=50563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}