Argo Re

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.

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.

The latest catastrophe bond from Argo Group, Loma Reinsurance (Bermuda) Ltd. (Series 2013-1), has increased in size by 65% to $165m and price guidance has dropped to below the initial range on all three tranches of notes being offered.

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).

Argo Re have returned to the catastrophe bond market to issue their second deal during 2011 under their Loma Reinsurance Ltd. Cayman Islands based special purpose insurer. This transaction has been placed in the market without fanfare and without seeking a rating from any of the major ratings agencies as far as we are aware. […]

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 earthquakes. Full details on the […]

Argo Re’s first catastrophe bond, Loma Reinsurance Ltd., has completed successfully giving the Bermuda based reinsurer $100m of second and subsequent event coverage for perils across three continents. The deal provides Argo Re with cover for hurricanes and earthquakes in the U.S., windstorms in Europe and earthquakes in Japan on a per-occurrence basis.

Argo Re, a Bermuda based reinsurer and part of the larger Argo Group, has begun marketing a its first multi-peril catastrophe bond through a Cayman Islands special purpose insurer Loma Reinsurance Ltd. It’s the first primary market cat bond to be issued for a while and is sure to test both investor appetite and the […]