Mystic Re III cat bond from Liberty Mutual to launch soon

by admin on February 25, 2009

Liberty Mutual are marketing their third catastrophe bond in the Mystic Re series. Mystic Re III is expected to be a $200m transaction providing Liberty Mutual with three years of coverage against U.S. hurricanes and earthquakes. The third catastrophe linked securitization of the year, this deal will take the cat bond market to $550m this year. The market is looking healthy and all deals so far have made efforts to increase investor appetite by seeking to enhance the structures with more robust financial backing.

We’ll update you and the full details will be added to the Artemis Deal Directory as we receive them.

Share or bookmark this post:
  • email
  • Digg
  • del.icio.us
  • Google Bookmarks
  • StumbleUpon
  • Facebook
  • LinkedIn
  • Yahoo! Buzz
  • Twitter

Leave a Comment

Previous post:

Next post: