Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Nelson Re catastrophe bond Class G notes extended to December


It looks like the final loss attributable to the Nelson Re catastrophe bond will not be known until at least December as the $67.5m Class G notes have had their maturity extended to the 6th December 2011 according to an announcement from Glacier Re. We updated you in July on the losses suffered by Nelson Re so far but there could be more to come as the notes have been extended to allow for loss development.

The deal was due to mature in June, but as losses from hurricane Ike continue to develop and estimates are bound to change, the deal has had been extended through till December.

We’ll update you as and when the final loss total attributable to the Nelson Re cat bond becomes clearer.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.