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Loma Re cat bond and ILS add stability to Argo’s financial results

The recent issuance of international specialty insurance and reinsurance company Argo Group’s latest catastrophe bond transaction, Loma Reinsurance (Bermuda) Ltd. (Series 2013-1), adds attractive stability to its financial results, according to its CEO.Loma Re (Bermuda) 2013-1 completed just before the end of 2013, a series of three tranches of catastrophe read the full article →

Argo’s Loma Re cat bond grows again to $172m, prices at low-end

Argo Group's latest catastrophe bond transaction, Loma Reinsurance (Bermuda) Ltd. (Series 2013-1), has grown in size again before closing we understand, with one tranche increasing by $7m taking the total cat bond size to $172m for Argo.Loma Reinsurance (Bermuda) sees insurance and reinsurance company Argo Group seeking a four-year source read the full article →

Loma Reinsurance (Bermuda) Ltd. cat bond launches for Argo

Insurance and reinsurance company Argo Group is returning to the catastrophe bond market for what will be its third deal, seeking a four-year source of multi-peril reinsurance protection from the capital markets through Loma Reinsurance (Bermuda) Ltd. (Series 2013-1).Sources told Artemis that for its third catastrophe bond deal Argo Group read the full article →

Argo Group hails completion of first catastrophe bond

Argo Group have issued a press release relating to the recent completion of their first catastrophe bond issuance through their Loma Reinsurance Ltd. Cayman Islands SPV. The $100m cat bond, issued in a single tranche, provides Argo Re with cover against certain U.S. hurricanes and earthquakes, European windstorms and Japanese read the full article →