GeoVera Insurance Holdings, Ltd. is set to launch a $275 million catastrophe bond, its largest to date, through Veraison Re Ltd. Targeted at earthquake reinsurance, the Series 2025-1 will consist of two tranches, providing structured protection for three years. The Class A tranche covers losses up to $1 billion with a lower risk profile, while the Class B tranche offers coverage for higher loss scenarios. Source and details of the news
