TD Insurance has introduced Canada’s first catastrophe bond, MMIFS Re Ltd. (Series 2025-1), raising C$150 million to provide reinsurance exclusively for Canadian natural disasters like earthquakes and severe storms. Set to operate from January 2025 to the end of 2027, the bond features a low initial attachment probability and unique investment in EBRD notes, potentially paving the way for more Canadian insurers to follow. Source and details of the news
