News & Analysis Results

Latest Johnston Re Ltd. catastrophe bond closes successfully

News 17th May 2011

North Carolina hurricane risk catastrophe bond Johnston Re Ltd. Series 2011-1 has closed successfully at a size of just under $202m, slightly upsized from the initial offering amount that the deal was marketed to investors at. This brings cat bond market issuance for 2011 to over $1.4 billion according to data from our catastrophe bond […]

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Johnston Re Ltd. Series 2011-1 catastrophe bond being marketed

News 26th April 2011

Munich Reinsurance America Inc. are actively marketing the second catastrophe bond in the Johnston Re series of deals. As with their 2010 Johnston Re cat bond, the deal provides U.S. hurricane cover for Munich Re America for a reinsurance agreement they have with two North Carolina non-profit insurance associations, the North Carolina Joint Underwriters Assn. […]

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Johnston Re Ltd. catastrophe bond completes, upsizes to $305m

News 13th May 2010

The catastrophe bond being issued by Munich Re under the Cayman Islands based SPV named Johnston Re Ltd. on behalf of the North Carolina Joint Underwriting Association and the North Carolina Insurance Underwriting Association has now completed. In a sign of investor confidence the deal upsized significantly and completed at $305m.

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Munich Re on its role in recent Tar Heel Re Ltd. catastrophe bond

News 17th April 2013

The worlds largest reinsurance firm Munich Re played a number of key roles in the issuance of the recently completed $500m Tar Heel Re Ltd. (Series 2013-1) catastrophe bond. Munich Re acted as co-structuring agent and co-lead manager on the transaction which effectively secured a $500m source of fully-collateralized North Carolina hurricane protection for the North […]

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