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For the second time Swiss insurer Zurich Insurance Group has increased the attachment point of its Lakeside Re III Ltd. most recent catastrophe bond at the transactions annual reset on 1st January, to adjust for a change to its exposures.

Zurich Insurance Group has increased the attachment point of its most recent catastrophe bond transaction, Lakeside Re III Ltd., at the transactions annual reset on 1st January citing increased exposure of its reinsurance requirements.

The two firms who played leading roles in bringing the recently completed Lakeside Re III Ltd. catastrophe bond to market for sponsoring insurance group Zurich have spoken out about their roles in the deal. The $270m earthquake cat bond provides Zurich American Insurance, Zurich Insurance Co. Ltd. and some subsidiaries with a three-year source of […]

Another catastrophe bond has completed in 2012 and once again it has upsized before the deal closed. Insurance group Zurich’s latest cat bond transaction Lakeside Re III Ltd., the third in the Lakeside series of deals, completed in the last week and upsized by $45m, from the $225m it was initially marketed at, to close […]

The Bermuda Stock Exchange approved the secondary listing of the 100,100,000 Ordinary Shares of Blue Capital Global Reinsurance Fund Limited to their exchange on 6th December. The primary listing for the shares is on the London Stock Exchange’s Specialist Fund Market, as we wrote last week. The shares represent the first offering from Bermuda reinsurer […]

Insurance group Zurich is returning to the catastrophe bond market with the third deal in the Lakeside cat bond series. Lakeside Re III Ltd. see’s Zurich looking to replace and also expand the cover that their last cat bond Lakeside Re II, which matures at the end of 2012, provided. Once completed Lakeside Re III will […]

Zurich Financial has announced the completion of its $225m catastrophe bond, Lakeside Re II Ltd. The three year deal will protect its subsidiaries Zurich American Insurance Co. Ltd. and Zurich Insurance Co. Ltd. against potential claims from certain qualifying earthquakes across the state of California. The offering is said to have been oversubscribed although Zurich […]

Zurich is preparing to launch a $225m (remember that could rise) catastrophe bond to provide it with protection against earthquakes in California. The transaction will be issued by Cayman Islands based SPV Lakeside Re II Ltd.

Following an impressive 2014 the Bermuda Stock Exchange (BSX) has passed yet another milestone, revealing that a significant $17.462 billion catastrophe bonds, ILS, sidecars and reinsurance investment funds are now listed on the Exchange.

Once again, the last week has seen an increasing focus on higher yielding catastrophe bond notes in the secondary trading market, as investors seek to maximise their returns with any opportunities to buy notes that yield above the average of recent new issuance.