State Farm has completed it’s latest catastrophe bond issue Merna Reinsurance II Ltd. The deal began being marketed at a value of $250m and completed at $350m. That’s well below the mooted $400m-$700m that the market was expecting but we believe that was wishful thinking due to the size of their previous Merna Re deal. […]
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Life & Pension Risk magazine are reporting here that Munich Re are considering branching out into the longevity risk market. They say that they are working on creating tailor made solutions for longevity. Munich Re are said to be cautious about becoming over exposed to longevity risks and are still discussing internally whether to hold […]
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Swiss Re have announced completion of their latest catastrophe bond transaction. Successor X Ltd. Series 2010-1, the second transaction under the Successor X Cayman Island SPV, is a three year multi-peril deal. The transaction provides Swiss Re with cover for a portion of their U.S. hurricane, European windstorm, California earthquake and Japanese earthquake risks.
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