Cincinnati Insurance expands collateralised re placement

Cincinnati Insurance expanded a collateralised reinsurance deal to
$200mn in size after its $100mn Skyline Re cat bond matured, the
company said on an earnings call.
The firm's broker JLT Capital Markets subsequently clarified
that $180mn of the limit was placed as a private cat bond, with a
further $20mn of three-year collateralised reinsurance cover
topping up the insurer's earthquake protection.
Skyline Re 2017-1 raised $180mn of indemnity limit split into
two sections, sister publication Tra