Korean Re Secures $75M Multi-Peril Retrocession via Solomon Re Cat Bond

Deal Summary

Korean Re has secured the targeted $75 million multi‑peril retrocession through the second Solomon Re catastrophe bond (Series 2026‑1). The bond issues $50 million Class A and $25 million Class B tranches covering US named storms, earthquakes and Israel earthquake risk, priced at the top and bottom ends of guidance. Proceeds will collateralize a retrocession agreement with Hannover Re.