Travelers Secures $750M Catastrophe Bond, Largest Ever Sponsorship

Deal Summary

Travelers Companies has priced and secured a $750 million catastrophe bond (Long Point Re IV Ltd. Series 2026‑1) providing multi‑peril reinsurance for its Northeast U.S. subsidiaries. The bond, issued by Long Point Re IV Ltd., will be sold to investors at a 3.5% spread, marking Travelers' largest cat‑bond sponsorship to date. The four‑year notes mature in June 2030.