Your search for “"longpoint re ii"”

Yesterday we wrote that U.S. insurer Travelers had successfully completed their latest catastrophe bond Long Point Re III Ltd. but today we’ve seen that Travelers 2009 issue cat bond Longpoint Re II Ltd. is a cause for some concern for the firm. Cat bonds usually contain clauses that state the triggering parameters such as attachment […]

The Longpoint Re II Ltd. catastrophe bond from Travelers has now completed. The $500m deal (which upsized from an initial $250m) has taken the total issuance in the cat bond market during 2009 over the $3b mark. There are deals in the pipeline but at this stage we’re not sure whether they will be able […]

The Longpoint Re II Ltd. U.S. hurricane risk catastrophe bond from Travelers Indemnity Company is reported to have been upsized to $500m. That’s double the initial value the transaction was initially marketed at and further demonstrates the current health and appeal of the cat bond market. Investor demand is said to the reason for the […]

The tail end of 2009 is proving to be an extremely busy time for the catastrophe bond market, compare it to last year when no deals were issued beyond August and it looks like a different market completely. The latest transaction to be launched is Longpoint Re II Ltd. from Travelers Indemnity Company.

U.S. primary insurer The Travelers Companies, Inc. has successfully sponsored its fourth catastrophe bond transaction with the recently completed Long Point Re III Ltd. (Series 2013-1) transaction. The second issuance under its Long Point Re III Cayman Islands domiciled SPV, this deal secures Travelers a $300m three-year source of fully-collateralized reinsurance protection against hurricanes in […]

Another catastrophe bond has increased in size while being marketed and has also seen its price guidance reduced, following the trend of larger and more keenly priced cat bonds that has been the feature of the 2013 cat bond market so far. The Long Point Re III Ltd. (Series 2013-1) deal is U.S. insurer Travelers […]

U.S. insurance company Travelers is bringing its fourth catastrophe bond to market and the second under its Long Point Re III Cayman Islands domiciled cat bond note issuing entity. Previously Travelers has tapped the cat bond market for reinsurance protection against U.S. hurricane risks in 2007 with Longpoint Re Ltd., 2009 with Longpoint Re II […]

The issuance market for catastrophe bonds continues to be quiet but, as we understand it, we hope to see some action before the end of the month as a number of deals are currently being firmed up prior to marketing. As always, you can read every market news story and article on the Artemis news […]

U.S. insurer Travelers 2009 catastrophe bond issuance Longpoint Re II Ltd. was one of the transactions which saw changes to its risk profile when it was remodelled using the latest version of the RMS hurricane risk model (V. 11) at its annual reset. At the time Travelers said that it suspected the attachment point may […]

As we move towards the end of the year and the ever important January reinsurance renewals, it’s no surprise to see a new reinsurance-linked investment fund launch or for more cat bonds to come to market. As always, you can read every market news story and article on the Artemis news blog, subscribe to our […]