Your search for “"Lodestone Re"”

We’ve just received a press release from the Bermuda Stock Exchange announcing the listing of the notes issued by Lodestone Re Ltd. at the tail end of 2010. The $450m cat bond issued on behalf of Chartis provides them with cover against U.S. hurricanes and earthquakes. The press release from the BSX follows below.

Chartis have managed to secure $450m of catastrophe bond cover in their latest Lodestone Re Ltd. issuance. As we wrote previously here, Chartis sought to return to the cat bond market to secure further cover under their Lodestone Re Ltd. Bermuda domiciled SPV. The deal was initially said to be valued at $250m, split into […]

Chartis are returning to the catastrophe bond market with a second issuance under their Lodestone Re Ltd. cat bond structure. Lodestone Re Ltd., a Bermuda domiciled SPV, was utilised to issue $425m worth of insurance-linked securities earlier this year in May. Now Chartis are seeking a new layer of cover for their subsidiary National Union Fire […]

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.

Chartis, formerly known as AIU Holdings, is preparing and marketing it’s first catastrophe bond issuance. The transaction is being issued by Chartis for it’s National Union Fire Insurance subsidiary in the U.S.

As global primary insurance group AIG gets to grips with the pressures being placed on it by activist investors, resulting in a cull of senior management, one of those leaving the firm is Samir Shah, Head of Capital Markets.

Samir Shah, a Senior Vice President at major global primary insurance group AIG, has moved to a new role as Head of Capital Markets for the insurer, perhaps signaling an increased focus at AIG on leveraging the capital markets for reinsurance.

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).

The logical place for peak natural catastrophe risks lies in the global capital markets, not the traditional reinsurance market, according to Samir Shah, Chief Reinsurance Officer of insurer AIG.

By the end of 2013 the Bermuda Stock Exchange (BSX) saw the total volume of insurance-linked listings, including catastrophe bonds, insurance-linked securities and reinsurance-linked investment funds, on the exchange hit $9.713 billion, another high.