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Glacier Re extends Nelson Re catastrophe bond again

Unsurprisingly the Nelson Re Ltd. catastrophe bond saga has not yet been resolved. The uncertainty revolves around whether the investors in the Class G tranche of cat bond notes issued by Nelson Re will face a loss or not, ultimately due to hurricane Ike losses. The disagreement between the sponsor read the full article →

Nelson Re catastrophe bond extended again

The confusion around whether the Nelson Re catastrophe bond from Glacier Re is going to make a payout to investors continues after the deal was extended again a couple of days ago. This document from the Cayman Islands Stock Exchange shows that an extension notice was submitted on the 28th read the full article →