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American European looks to upsize Charles River Re cat bond to $125m

April 2, 2024

American European Insurance Company is now seeking up to $125 million in named storm reinsurance protection for a coastal property book that is originated via MGA ShoreOne, through its debut Charles River Re Ltd. (Series 2024-1) catastrophe bond issuance.

American European Insurance Company entered the catastrophe bond market for the first time in March, seeking at least $100 million in protection for the portfolio of policies underwritten by managing general agent (MGA) ShoreOne Insurance Managers, a coastal property specialist that offers all-perils coverage including flood.

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