Queen Street III Capital Ltd.

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Queen Street III cat bond principal repayment falls short, defaults

Munich Re’s Queen Street III Capital Ltd. catastrophe bond which matured last week saw a shortfall in the amount of principal repaid to investors, as the cat bonds exposure to last years U.S. debt ceiling financial issue shrank the capital returned to investors.To refresh your memories, last October we wrote read the full article →

Queen Street II & III cat bonds downgraded on risk of principal loss

Two Queen Street catastrophe bond transactions, sponsored by reinsurance firm Munich Re, have been downgraded by S&P over a heightened risk that investors will not receive back 100% of the outstanding principal amount at maturity.The two cat bonds, Queen Street II Capital Ltd. and Queen Street III Capital Ltd., were read the full article →

Cat bonds not immune from U.S. debt ceiling issues, Queen Street III on watch

Anyone who thought that catastrophe bonds were immune from the financial market uncertainty surrounding the U.S. debt ceiling has been proven wrong as Munich Re's Queen Street III Capital Ltd. cat bond is placed on a negative credit watch due to collateral issues triggered by the debt ceiling issue.The Queen read the full article →

S&P reinstates rating on Queen Street III Capital Ltd.

As promised on Monday when they suspended its rating, Standard & Poor's have reinstated the rating on the Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks.S&P suspended the rating due to 'an administrative oversight regarding Standard & read the full article →

S&P suspends rating on Queen Street III Capital Ltd.

Standard & Poor's have published an announcement stating that they have suspended the rating on the recent Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks. The reason for the suspension is the same as the reason that read the full article →

Further details on completion of the Queen Street III Capital Ltd. catastrophe bond

Further details have emerged on the completion of Munich Re's latest catastrophe bond transaction issued through their Queen Street III Capital Ltd. special purpose vehicle. The deal completed yesterday, and as we wrote at the time managed to triple the amount of protection originally sought by closing at an upsized read the full article →

Queen Street III Capital Ltd. catastrophe bond triples in size to $150m, lists in Bermuda

Munich Re's latest catastrophe bond, issued by their newly domiciled in Ireland SPV Queen Street III Capital Ltd., began marketing as a $50m issuance when we wrote about it on the 15th July. Thanks to significant investor demand for a European windstorm cat bond, which offered investors an opportunity for read the full article →

Munich Re’s Queen Street III Capital Ltd. catastrophe bond starts marketing

As we reported two days ago, Munich Re are returning to the catastrophe bond market with their latest Queen Street transaction, to secure themselves additional European windstorm cover. The cat bond will be issued by their Queen Street III Capital Ltd. special purpose vehicle, which was recently incorporated in Dublin, read the full article →

Munich Re planning a Queen Street III Capital Ltd. catastrophe bond

We've been hearing rumours in the market about potential catastrophe bond deals which are getting ready to be marketed to investors with sources insisting that at least one new cat bond will issue within the next month. Some of our sources have told us to expect a European windstorm bond read the full article →