The Cayman Islands Stock Exchange has delisted the two tranches of Munich Re’s $267.7m (€170m) catastrophe bond Queen Street Ltd. after the deal matured without any losses. Maturities are a feature of the first half of this year with a total of $4 billion of cat bonds scheduled to mature by the end of Q2.
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Just when we thought the primary market for catastrophe bond and insurance-linked securities issuance was getting quiet a transaction comes along in the form of reinsurer Munich Re’s latest Queen Street deal. Queen Street VI Re Ltd. has just begun marketing and with this, their sixth Queen Street cat bond Munich Re are seeking cover […]
The notes from the recently completed Queen Street V Re Ltd. catastrophe bond transaction have been approved for listing on the Bermuda Stock Exchange (BSX). The fifth cat bond from Munich Re in their Queen Street series of transactions, provides them with $75m of cover for U.S. hurricanes and European windstorms. It’s the third new […]
German reinsurer Munich Re has successfully completed their latest catastrophe bond through newly established Bermuda SPV Queen Street V Re Ltd. This is Munich Re’s fifth cat bond in the Queen Street series and their twelfth cat bond they have sponsored according to our Deal Directory listings. Queen Street V Re will provide Munich re […]
German reinsurance firm Munich Re is returning to the insurance-linked securities market with another transaction in their Queen Street series of catastrophe bond transactions. Munich Re are a regular participant in the ILS and cat bond markets, and this latest cat bond will be their fifth Queen Street deal, but we actually have Munich Re […]
Munich Re’s latest catastrophe bond issuance Queen Street IV Capital Ltd. has closed successfully, providing them with an additional layer of reinsurance protection for certain of their U.S. hurricane and European windstorm risks. The fourth Queen Street cat bond from Munich Re started life as a $75m deal but at close today, according to sources, […]
Regular catastrophe bond sponsor Munich Re are once again seeking to issue another transaction in their Queen Street series of deals. Queen Street IV Capital Ltd. is being marketed to investors as a single tranche catastrophe bond seeking to issue notes which would provide Munich Re with $75m of cover over nearly 3.5 years (more […]
As promised on Monday when they suspended its rating, Standard & Poor’s have reinstated the rating on the Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks.
Standard & Poor’s have published an announcement stating that they have suspended the rating on the recent Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks. The reason for the suspension is the same as the reason that another recent cat bond, Pylon […]
Further details have emerged on the completion of Munich Re’s latest catastrophe bond transaction issued through their Queen Street III Capital Ltd. special purpose vehicle. The deal completed yesterday, and as we wrote at the time managed to triple the amount of protection originally sought by closing at an upsized $150m.