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Ariel Re secures $150 million cover through Titania Re cat bond

ReutersJul 2, 2025 10:18 AM

By Rebecca Delaney

- (The Insurer) - Ariel Re announced on Wednesday it has secured $150 million of coverage through a fifth catastrophe bond issued by Bermuda special purpose insurer Titania Re, which for the first time includes cover for U.S. wildfire.

Titania Re 2025-1 provides Ariel Re with $150 million of multi-peril retrocessional reinsurance protection with a state-weighted industry loss trigger over four years.

As in previous bonds, named storm and earthquake coverage is provided for the U.S., Puerto Rico, the U.S. Virgin Islands and Canada.

Titania Re 2025-1 has also introduced coverage for U.S. wildfire.

It marks the first time that Ariel Re has issued a four-year cat bond, with Syndicate 1910 as the ceding company.

The bond was successfully closed on July 1 with Ariel Re issuing two tranches of Series 2025-1 notes to investors.

Howden Capital Markets & Advisory acted as the sole structuring agent and joint bookrunner, with Aon Securities LLC also as joint bookrunner.

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