Your search for “"nelson re"”

An interesting situation has come about after Glacier Re, the Swiss based reinsurer, announced that it was putting itself voluntarily into run-off. On the 27th August Glacier Re announced that it had reviewed its strategic alternatives and decided to discontinue its underwriting operations and go into a self-managed run-off.

Moody’s has downgraded the ratings of one tranche of the Nelson Re Ltd. catastrophe bond transaction and placed two other tranches on review for possible downgrade. The June 2008 cat bond issued on behalf of Glacier Re is a $180m three year deal.

Moody’s Investor Service has announced that it will be keeping the Class G notes of catastrophe bond Nelson Re Ltd. on review pending a possible downgrade pending further information from the sponsor. Glacier Reinsurance AG sponsored Nelson Re. Moody’s requires further information to be able to assess loss estimates by line and state, work out […]

Nelson Re Ltd, a Cayman Islands based special purpose vehicle set up to issue catastrophe bonds by Glacier Reinsurance AG, issued a news release. The release states that Glacier Re have informed Nelson Re Ltd that Glacier has incurred approximately $100m worth of claims relating to hurricane Ike. Glacier Re are evaluating the extent to […]

Glacier Re have just released the below press release on their recent Nelson Re transaction. Remember, details on this and other deals are always available in our Deal Directory. Nelson Re issues $180 million of catastrophe bonds Glacier Reinsurance AG (“Glacier Re” or “the Company”), the Switzerland-based reinsurer, today announces that Nelson Re Ltd has […]

Glacier Re have launched a new catastrophe bond under their Nelson Re cat bond shelf facility. The $180m bond provides three years of protection to Glacier Re for U.S. windstorm, earthquakes and European windstorm. Details of this deal can be found in our Deal Directory.

The world’s oldest insurance and reinsurance market Lloyd’s of London has announced its interim results this morning, providing a snapshot of how the traditional re/insurance market has been fairing in the softened and challenging market environment.

Despite being untested in the face of a major loss event and their relatively short existence, catastrophe bonds have a strong history of paying claims and the payment timeline is actually similar to that of traditional reinsurers, according to Standard & Poor’s (S&P).

Alternative capital and insurance-linked securities (ILS) are set to continue to disrupt the insurance and reinsurance market, according to Chairman of Lloyd’s of London John Nelson, reshaping the industry and continuing to pressure catastrophe lines of business.

In light of the current merger and acquisition (M&A) trend sweeping through the re/insurance sector, larger, specialist re/insurance entities could be an emerging risk to Lloyd’s of London’s business share, according to Fitch Ratings.