Update: Further information on these cat bond transactions can be found here.
There are a number of outstanding catastrophe bond transactions (totalling around $1.5 billion) which look like they are exposed to Friday’s earthquake in Japan as far as we can tell from our Deal Directory information. Whether any of these will be triggered is hard to tell and won’t be known until more details on the loss levels emerge. Here’s a list of the deals we believe are outstanding which have exposure in the area.
| Issuer | $ | Cedent | Date of issue |
|---|---|---|---|
| Montana Re Ltd. (Series 2010-1) | $210m | Flagstone Re | Dec 2010 |
| Vega Capital Ltd. (Series 2010-1) | $106.5m | Swiss Re | Dec 2010 |
| Atlas Capital VI Ltd. (Series 2010-I) | €75m | SCOR | Dec 2010 |
| Successor X Ltd. (Series 2010-1) | $120m | Swiss Re | Mar 2010 |
| Atlas Capital VI Ltd. (Series 2009-1) | €75m | SCOR | Dec 2009 |
| Topiary Capital Ltd. | $200m | Platinum Underwriters | Aug 2008 |
| Vega Capital Ltd. (2008) | $150m | Swiss Re | Jun 2008 |
| Valais Re | $104m | Flagstone Re | May 2008 |
| Muteki Ltd. | $300m | Zenkyoren through Munich Re | May 2008 |
| Midori Ltd. | $260m | East Japan Rail Company through Munich Re | May 2007 |
Update: Further information on these cat bond transactions can be found here.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
