Mona Lisa Re lists $350m of catastrophe bonds

Mona Lisa Re, the insurance-linked securities vehicle of Bermuda-based RenaissanceRe, has listed $350 million worth of catastrophe bonds on the Bermuda Stock Exchange. 

The private placements of the four-year variable notes are divided into Class A and Class B tranches of $175 million each. They 2025 notes terminate in January 2029. 

According to ILS specialist website Artemis, the notes will cover US, Puerto Rico, US Virgin Islands and Washington DC. named storm and earthquakes and Canada earthquakes. 

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