Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

News & Analysis Results

Blue Coast Ltd catastrophe bond ratings downgraded

News 27th March 2009

Following on from Tuesdays news that Standard & Poor’s had placed the notes of the Blue Coast Ltd. catastrophe bond onto CreditWatch negative, S&P have now announced that the three tranches have been downgraded. Blue Coast is a 2008 deal that provides Allianz Risk Transfer with cover against U.S. hurricanes on certain coastal counties of […]

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Blue Coast Ltd cat bond may be downgraded due to hurricane exposure

News 24th March 2009

Standard & Poor’s have placed the notes of the Blue Coast Ltd catastrophe bond onto CreditWatch negative due to the possibility of losses from hurricanes Gustav and Ike. Blue Coast provides Allianz Risk Transfer with cover against U.S. landfalling hurricanes until December 2010 (with an option to extend a further 24 months), the deal was […]

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AIR Worldwide models risks for $10b of catastrophe bonds

News 6th April 2009

AIR Worldwide has announced that it has now modeled the risks on over $10b worth of catastrophe bonds since the market took off in 1996. They also claim to have modeled the risks on over 56% of the deals struck since 2007. During 2008 they provided services to 70% of the catastrophe bond capital issued […]

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The catastrophe bonds AIR Worldwide provided risk modeling for

News 27th September 2008

AIR Worldwide released a press shot this week announcing that so far this year they have provided risk modeling and analytical services for $2b worth of catastrophe bonds. The press release doesn’t (unfortunately) detail all the deals that have contributed to this number so I thought I’d provide a list of the ones we know […]

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County level cat bond triggers and their potential uses

News 30th July 2008

The county level trigger structure of the recent Blue Coast Ltd. catastrophe bond from Allianz is said to offer greater transparency to investors, a better way to manage basis risk and the ability to create a spread which more closely matches an insurers loss portfolio. All great things which could herald an easier way for […]

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Allianz closes Blue Coast catastrophe bond deal

News 29th July 2008

The Blue Coast Ltd deal from Allianz Risk Transfer has now officially closed. The notes have received ratings of BB-, B+ and B from Standard & Poor’s. This deal with an innovative approach to the trigger is fully detailed in our Deal Directory including the link to the Allianz press release.

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