HCMA advises Farmers on $400m new cat bond

Howden Capital Markets & Advisory is proud to have supported Farmers Insurance Group as a joint structuring agent and bookrunner, in securing $400 million of indemnity-based catastrophe bond protection which was completed through Topanga Re Ltd.

The transaction provides Farmers with fully collateralised reinsurance protection from the capital markets and represents a further demonstration of the growing role of catastrophe bonds within insurers’ broader risk-transfer strategies. The successful placement highlights continued investor appetite for indemnity-based structures and reinforces the importance of alternative capital.

Congratulations to Farmers and all those involved in bringing this transaction to market.