Your search for “Metrocat”

RMS has launched a new version of its North Atlantic hurricane model suite, version 13.0. The new version will give users the ability to fully analyse and quantify the risks from hurricane driven storm surge risks and the model has already been used in a catastrophe bond deal, the first storm surge cat bond MetroCat […]

The MetroCat Re Ltd. (Series 2013-1) catastrophe bond, which is the first cat bond in the markets history to bring storm surge risk alone in a transaction to insurance-linked securities investors, has completed successfully at $200m, received its final rating and the notes and program have listed in Bermuda.

The insurance-linked securities markets first ever storm surge catastrophe bond has been extremely well-received by investors with demand helping the deal to increase in size and enabling the sponsor, First Mutual Transportation Assurance Co. (FMTAC) to secure the fully-collateralized reinsurance protection at attractive pricing terms.

The MetroCat Re Ltd. catastrophe bond, which launched recently, has been receiving attention from the broader financial press and local New York media outlets. That’s no surprise given the unusual nature of the cat bond, as the first storm surge only cat bond and the first time a U.S. transit agency has sponsored a cat […]

The catastrophe bond market in 2013 has seen a number of firsts, as new-found flexibility, reduced pricing and near-record levels of issuance make this year one of the most eventful on record for the cat bond market. Now another new sponsor is coming to market with a new peril, in the form of the first […]

Catastrophe bond and related insurance-linked securities (ILS) market activity remains buoyant despite the impacts seen from the Covid-19 pandemic, with primary issuance already reaching $6.1 billion in 2020, according to Artemis’ Deal Directory data.

Here are the ten most popular news articles, week ending 26th April 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Trading in the secondary market for catastrophe bonds has been light as hurricane Florence approached, but a handful of names did change hands while the forecast was still for a major hurricane wind impact in North Carolina.

The insurance-linked securities (ILS) market and providers of capital market backed reinsurance capacity can help with the job of narrowing the flood risk protection gap in the wake of hurricane Harvey, according to Rick Miller Managing Director – Co-Head of Insurance Linked Securities at Jardine Lloyd Thompson Capital Markets.

Analysis from global property information, analytics and data-enabled service provider, CoreLogic, reveals that almost 6.9 million homes along the Atlantic and Gulf coasts, with a combined reconstruction cost value (RCV) of over $1.5 trillion, are at risk of hurricane storm surge inundation.