News March 2017

March 17, 2017

ICAT Syndicate 4242 Places its First Catastrophe Bond, Buffalo Re Ltd.

BROOMFIELD, Colo.—ICAT Syndicate 4242 of Lloyd’s of London has successfully sponsored its first catastrophe bond, Buffalo Re Ltd Series 2017-1. The cat bond placement supports indemnity reinsurance coverage from Buffalo Re Ltd. for named storms and earthquakes occurring in the U.S. The coverage is a part of Syndicate 4242’s overall cat reinsurance program that renews on April 1. With this cat bond issue, ICAT Syndicate 4242 is the first Lloyd’s syndicate since 2002 to...

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