Tar Heel Re

GC Securities, the capital markets arm of reinsurance broker Guy Carpenter has published a press release on its involvement in the Tar Heel Re Ltd. (Series 2013-1) catastrophe bond. GC Securities press release, which you can read in full below, contains some interesting quotes from its clients on the transaction, the two North Carolina wind pool […]

The worlds largest reinsurance firm Munich Re played a number of key roles in the issuance of the recently completed $500m Tar Heel Re Ltd. (Series 2013-1) catastrophe bond. Munich Re acted as co-structuring agent and co-lead manager on the transaction which effectively secured a $500m source of fully-collateralized North Carolina hurricane protection for the North […]

Another catastrophe bond has settled and completed today, securing a source of hurricane reinsurance protection for the two North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA). The successful completion of the Tar Heel Re Ltd. (Series 2013-1) cat bond brings another $500m of risk […]

The pricing on one of the catastrophe bonds currently in the market has dropped again, resulting in final pricing sitting right at the bottom of an already reduced range. The Tar Heel Re Ltd. (Series 2013-1) cat bond, which is being marketed for the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance […]

The trend for recent catastrophe bonds to see very attractive terms and pricing continues with North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA), Tar Heel Re Ltd. (Series 2013-1) cat bond. As insurance linked securities (ILS) investors demonstrate once again their strong appetite for […]

The primary issuance catastrophe bond market sprung back to life this week as two new deals began marketing. We now have details on the first to share, a new transaction designed to support the North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA), with a […]