Tradewynd Re Ltd. Series 2014-1

Insurance firm AIG has reset its most recent multi-peril catastrophe bond, Tradewynd Re Ltd. (Series 2014-1), at a slightly higher probability of attachment for the second risk period, resulting in a slight increase in the risk interest spread paid to investors.

The pricing on American International Group’s (AIG) latest catastrophe bond transaction, Tradewynd Re Ltd. (Series 2014-1), has settled at the mid-point of guidance on one tranche of notes and below it on the other two.

According to market sources, Tradewynd Re Ltd. (Series 2014-1), the latest catastrophe bond issuance to be sponsored by global insurance firm American International Group (AIG), has increased in size by 67% to now offer $500m of notes to investors.

Global insurance firm American International Group (AIG) is returning to the catastrophe bond market for its third Tradewynd deal, seeking at least $300m of reinsurance protection from the capital markets with Tradewynd Re Ltd. (Series 2014-1).