Update: Further information on these cat bond transactions can be found here. There are a number of outstanding catastrophe bond transactions (totalling around $1.5 billion) which look like they are exposed to Friday’s earthquake in Japan as far as we can tell from our Deal Directory information. Whether any of these will be triggered is […]
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Having written in the last week about the volume of catastrophe bonds which are listed on the stock exchanges in Bermuda and the Cayman Islands I thought it would be a good idea to list them out by domicile for your information. We are going to include this information into a new catastrophe bond Deal […]
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It’s often overlooked that there is catastrophe bond exposure in Europe, most of the coverage is related to hurricanes in the U.S. or earthquakes. Only when an event occurs of the magnitude of this past weekends windstorm does it suddenly become a talking point in the insurance-linked securities market. A deadly storm (Klaus) blew in […]
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Platinum Underwriters Bermuda Ltd. have completed a new catastrophe bond deal utilising a Cayman Islands SPV, Topiary Capital Ltd. The three year deal of $200m of notes provides Platinum Underwriters with second and subsequent event coverage against U.S. hurricane & earthquake, European windstorm and Japanese earthquakes. Full details of this second-event deal are available in […]
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