News & Analysis Results

Travelers achieves greater flexibility with Long Point Re III 2013-1 catastrophe bond

News 20th May 2013

U.S. primary insurer The Travelers Companies, Inc. has successfully sponsored its fourth catastrophe bond transaction with the recently completed Long Point Re III Ltd. (Series 2013-1) transaction. The second issuance under its Long Point Re III Cayman Islands domiciled SPV, this deal secures Travelers a $300m three-year source of fully-collateralized reinsurance protection against hurricanes in […]

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Long Point Re III Ltd. 2013-1 cat bond being marketed for Travelers

News 25th April 2013

U.S. insurance company Travelers is bringing its fourth catastrophe bond to market and the second under its Long Point Re III Cayman Islands domiciled cat bond note issuing entity. Previously Travelers has tapped the cat bond market for reinsurance protection against U.S. hurricane risks in 2007 with Longpoint Re Ltd., 2009 with Longpoint Re II […]

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More Sandy loss estimates announced, including Chubb and Hartford

News 12th December 2012

A number of new estimates for losses caused by hurricane Sandy have been published by insurers and reinsurers. We’re only really following estimates from those with cat bonds or where they involve the top insurers in the region and so offer a rough approximation tool for estimating where the industry loss from this event may […]

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AIG reveal outsized hurricane Sandy loss estimate of $2 billion pre-tax

News 10th December 2012

American International Group, Inc., AIG for short, announced their first estimate of the losses they will suffer from hurricane Sandy claims late on Friday. The insurer waited until after the stock markets had closed before making the announcement, perhaps a sensible move given the size of their first estimate. AIG’s preliminary estimate is for a […]

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Hartford CEO says Sandy losses may hit their reinsurance coverage

News 5th December 2012

Another initial loss estimate from one of the larger U.S. primary insurers for damage caused by hurricane Sandy has emerged after the CEO of Hartford Financial Services Group suggested that its losses could reach $350m, which is the point at which their reinsurance coverage is triggered. The Hartford is a smaller insurer than others whose […]

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