American International Group’s (AIG) latest catastrophe bond transaction Tradewynd Re Ltd. (Series 2013-1) has upsized by 25% from the $100m it began marketing at to now offer $125m of notes, we understand. At the same time the price guidance on the notes had been moved to the upper end of the originally marketed range, a rare […]
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The softening of reinsurance rates, primarily seen in U.S. property-catastrophe line reinsurance renewals to date, shows evidence of spilling over into other markets, according to the latest reinsurance renewals report from the reinsurance broking arm of global broker Willis.
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Bermudian reinsurer RenaissanceRe’s first broadly marketed 144A catastrophe bond, Mona Lisa Re Ltd. (Series 2013-2), has increased in size while marketing and the indicative interest spread pricing has moved to the middle of the range originally marketed. It’s not the first cat bond issued by Mona Lisa Re but it is the first broadly marketed […]
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Brit Group, the global specialty insurer and reinsurer with a large presence at Lloyd’s, has announced a new hire in strategy and corporate development who will be tasked with helping to develop the firms profile through building relationships with the capital markets.
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So we now enter the third-quarter of the year and the catastrophe bond market has seen record levels of issuance in the first half of 2013. As always, you can read every market news story and article here on the Artemis news blog, subscribe to our weekly email newsletter updates and for your convenience here […]
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