Lumen Re secures $175m of collateralised protection with inaugural cat bond

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Reinsurance News - Feb 26, 2026

Lumen Re Ltd., the Bermuda-based property catastrophe reinsurer within the insurance-linked securities (ILS) platform of LGT Capital Partners, has closed its inaugural Rule 144A catastrophe bond, Photon Re, securing $175 million of collateralised, index-based protection against severe U.S. and Canad...

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