The reasoning behind Canada’s first Cat bond

The reasoning behind Canada’s first Cat bond

iStock.com/Orchidpoet Although the likelihood of triggering Canada’s first-ever Cat bond is low, the investment gives TD Insurance options to diversify its protection sources, the insurer’s president and CEO, James Russell, said during a webinar Tuesday. TD Insurance sponsored the first-ever Canadian-denominated Cat bond in January 2025, covering Canadian perils of earthquake and severe convective storm in the amount of $150 million. The bond is…

TD Insurance eyes further cat bonds following successful debut: CEO - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. After securing its debut catastrophe bond, the $150 million MMIFS Re Ltd. (Series 2025-1) issuance in January, TD Insurance is signalling a long-term commitment to the cat bond market as the company is looking ahead to future issuances as part of a broader reinsurance strategy, according to President and CEO, James Russell. The MMIFS…