Eurus II catastrophe bond doubles in size due to demand

by Artemis on July 24, 2009

Eurus II, the catastrophe bond nearing the end of it’s marketing phase, from Hannover Re has proved to be a popular one. It’s been upsized from it’s initial €75m size to €150m. Demand from investors was said to high as those with insurance-linked security portfolios seek to diversify away from the usual U.S. hurricane risk with a slice of European windstorm risk which Eurus II provides. There also seems to have been genuine appetite from investors seeking to enter the market as well with issuance still slower than in years before the recent financial crisis.

Full details on Eurus II can be found in our Deal Directory.

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