Talanx issues $100M cat bond for Chile earthquake risks
- September 19, 2025
- Posted by: Web workers
- Category: Finance
The Talanx Group Thursday said it had issued an insurance-linked security, or catastrophe bond, securing $100 million of multiyear protection for earthquake risks in Chile through Maschpark Re Ltd., a special purpose insurer established in Bermuda, in cooperation with Talanx subsidiary Hannover Re.
The cat bond is the first for Talanx, the global insurance group said in a statement.
The insurance-linked security provides coverage for the period between January 2025 and December 2027 and carries a parametric trigger, the statement said.
Talanx AG Chief Financial Officer Jan Wicke said in the statement the bond augments protection for earthquake risks in Chile by transferring risk to the capital markets.
The bond issue was brought to market by Aon Securities LLC and GC Securities, a division of MMC Securities LLC.
Fitch Ratings Inc. said Nov. 1 that it expects 2024 new issuance, which stands at approximately $13 billion year to date, should top 2023’s record issuance of almost $16 billion.
