Compass Re Ltd.

AIG, the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc., has now sponsored $1.85 billion worth of catastrophe bonds in the last three years. The recent completion, just before the end of the year, of the $400m Compass Re Ltd. (Series 2012-1) helped it to achieve this total. A […]

The volume of catastrophe bonds and insurance-linked securities issued in 2012 and listed in our Deal Directory has been helped over the magic $6 billion mark by a late-comer in the form of the second Compass Re Ltd. cat bond sponsored by American International Group (AIG) (was Chartis) subsidiary National Union Fire Insurance Co. of […]

Chartis, who recently completed the issuance of a $575m catastrophe bond through a Bermuda domiciled SPV Compass Re Ltd., have published a press release regarding the transaction. The deal for which the ultimate beneficiary would be National Union Fire Insurance Co. of Pittsburgh, a subsidiary of Chartis, is the third catastrophe bond from Chartis after […]

National Union Fire Insurance Co. of Pittsburgh, a subsidiary of Chartis, has completed their Compass Re Ltd. catastrophe bond and the notes have been approved for listing on the Bermuda Stock Exchange (BSX). The deal features three classes of Series 2011-1 notes issued by Compass Re to provide National Union Fire Insurance Co. with a source […]

The Compass Re Ltd. catastrophe bond, which has been doing the marketing rounds for the last few weeks, has upsized prior to closing due to strong investor demand. The cat bond is being issued by Bermuda domiciled Compass Re Ltd. for insurer National Union Fire Insurance Co. of Pittsburgh, a subsidiary of Chartis, and will […]

A new catastrophe bond has begun marketing for ceding insurer National Union Fire Insurance Co. of Pittsburgh, a subsidiary of Chartis. Chartis (themselves an AIG subsidiary) are of course a regular cat bond sponsor and their two Lodestone Re cat bonds issued in 2010 both provided cover to the same subsidiary. Compass Re Ltd. Series […]