Newton Re Ltd.

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Newton Re Ltd. – At a glance:

Issuer: Newton Re Ltd.

Cedent / sponsor: Catlin

Placement / structuring agent/s: JP Morgan and Aon Capital Markets lead the deal

Risk modelling / calculation agents etc: ?

Risks / perils covered: U.S. hurricane, U.S. earthquake

Size: $225m

Trigger type: Industry loss index

Ratings: S&P: Class A - 'BB+', Class B - 'BB+'

Date of issue: Dec 2007

Artemis.bm news coverage: Articles discussing Newton Re Ltd. from Artemis.bm

Newton Re Ltd. – Full details:

The transaction provides Catlin with “competitively priced and fully collateralized protection amounting to $87.5 million in the event of a severe US earthquake and $137.5 million in the event of a severe US hurricane. The coverage complements the catastrophe protection that Catlin purchases through the commercial reinsurance market as well as the three-year catastrophe swap agreement that Catlin Bermuda completed in November 2006”.

The Class A Notes of $87.5 million, are exposed to earthquake events, the Class B Notes of US$137.5 million, are exposed to US hurricane events.

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Newton Re Ltd.

Newton Re Ltd. – At a glance:

Newton Re Ltd. – Full details:

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