News & Analysis Results

Lehman Brothers related cat bonds downgraded by S&P

News 30th September 2008

Standard & Poor’s have now downgraded all four of the catastrophe bonds which used Lehman Brothers Special Financing as the total return swap counterparty. The issuers of the bonds have terminated their swaps and are exploring their options and the lack of a counterparty is the reason for the following actions. ‘Ajax Re Ltd.’s class […]

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The catastrophe bonds AIR Worldwide provided risk modeling for

News 27th September 2008

AIR Worldwide released a press shot this week announcing that so far this year they have provided risk modeling and analytical services for $2b worth of catastrophe bonds. The press release doesn’t (unfortunately) detail all the deals that have contributed to this number so I thought I’d provide a list of the ones we know […]

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Lehman Brothers related catastrophe bonds on credit watch

News 17th September 2008

The other major catastrophe to hit the news in the past week is the demise of Lehman Brothers. As a result of the investment bank collapsing, Standard & Poor’s have downgraded four cat bonds which Lehman Brothers subsidiary Lehman Brothers Special Financing acted as swap counterparty on. The bonds in question are: – Ajax Re […]

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Hurricane Ike round up

News 17th September 2008

I’ve been away for a weeks leave so apologies for the blog going quiet. Hopefully you will have managed to keep up to date through the Artemis news page which is constantly updated as news hits the wires. I’m playing catch-up on the happenings in the past week and of course the major story as […]

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