mariah re ltd

Another fortnight has passed since we last looked at the Swiss Re Cat Bond Performance Indices to assess how they have performed and reflect the mood and sentiment within the insurance-linked securities market. Last time we looked it seemed that the indices were recovering from the news that the Mariah Re catastrophe bonds were facing […]

Ratings agency Standard & Poor’s (S&P) has issued an update to the loss estimates from severe thunderstorms and tornadoes which impacted the Mariah Re catastrophe bond transactions. As and when loss estimates are updated by Property Claims Services (PCS) for each catastrophe event, S&P have been updating the market on the potential impact to Mariah […]

It’s been two weeks since we last looked at the Swiss Re Cat Bond Performance Indices to assess how they have performed and reflect the mood and sentiment within the insurance-linked securities market. Last time we looked, the price return index had dipped slightly due to the news about the losses that the Mariah Re […]

Ratings agency Standard & Poor’s has announced that the Mariah Re Ltd. Series 2010-1 catastrophe bond is suspected to have been triggered after its sponsor American Family Mutual Insurance Company submitted an event notice indicating that they believe the deal to have defaulted as losses have breached the attachment point.

As we wrote yesterday, the Mariah Re catastrophe bonds were the main losers in the secondary market during the month of September as mark to market losses increased due to the realisation that there would be a loss of investor principal for the Series 2010-2 notes and covered losses were still rising for the Series […]

Two weeks have passed since our last look at the Swiss Re Cat Bond Performance Indices to assess how their performance had improved, or otherwise. Both of the indices climbed strongly during the week ending the 30th September but in the last week ending the 7th October the climb faltered caused by the impact of […]

We wrote earlier today about the increase in covered losses faced by the Mariah Re 2010-1 series of catastrophe bond notes after Standard & Poor’s updated the covered loss totals and downgraded the bond. Readers who’ve been keeping track of the fate of Mariah Re will be aware that there is a second transaction with […]

Ratings agency Standard & Poor’s have published an update regarding the fate of the Mariah Re Ltd. Series 2010-1 severe thunderstorm catastrophe bond which provides American Family Mutual Insurance with a source of collateralized reinsurance cover. The cat bond has been at risk due to the extreme nature of the tornado season in the U.S. […]

Yesterday we updated you with the news that ratings agency Standard & Poor’s had updated the covered loss totals for the Mariah Re Ltd. Series 2010-1 catastrophe bond transaction. The losses have been mounting from the severe tornado season in the U.S. and the holders of the $100m of Series 2010-1 notes are now just […]

Yesterday we wrote about Standard & Poor’s recent update on the status of covered losses under the terms of the Mariah Re Ltd. Series 2010-1 severe thunderstorm catastrophe bond. The cat bond has been accumulating losses from the severe spate of thunderstorms and tornadoes which affected the U.S. over the last few months. The figure […]