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Chartis completes $425m Lodestone Re Ltd. catastrophe bond

News 22nd May 2010

Chartis has announced the completion of its first catastrophe bond issue, Lodestone Re Ltd. The deal completed significantly bigger than it’s initial $250m size and has resulted in Chartis obtaining $425m of  fully collteralized cover against losses from U.S. hurricanes and earthquakes until May 2013.

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