Your search for “merna reinsurance”

The Combine Re Ltd. catastrophe bond which is sponsored by Swiss Re America but combines two reinsured parties (Country Mutual Insurance Company and the North Carolina Farm Bureau’s mutual insurance arm) risks into a single cat bond transaction has completed successfully at its target of $200m. $150m of the notes, in two of the three […]

Ratings agency Moody’s has issued a press release regarding the provisional ratings they have assigned to the Combine Re Ltd. catastrophe bond which is currently being marketed to investors. Combine Re Ltd., which we wrote about when it launched here, is a two tranche cat bond being sponsored by Swiss Re America on behalf of […]

The Bermuda Stock Exchange (BSX) has issued a press release concerning the volume of catastrophe bonds and insurance-linked securities that the exchange now plays host to. At the end of 2011 the BSX has for the first time reached over $3 billion in listed cat bond and ILS securities on the exchange.

U.S. insurer State Farm says that it has paid its policyholders $5 billion so far during 2011 for catastrophe claims resulting from damage to homes, cars and other property caused by weather related catastrophes so far this year. State Farm, the largest U.S. insurer of homes and autos, says that 2011 is likely to be […]

The recent U.S. midwest tornado outbreak is set to go down in history as one of the most active starts to the convective storm season and one of the most damaging on record as early loss estimates begin to be reported. The last two weeks have seen a huge number of convective storms which have […]

Bermuda has been trying to catch up with the Cayman Islands as a domicile for the insurance-linked securities and catastrophe bond marketplace after having slipped behind when the Caymans became the domicile of choice. The regulatory and legislative changes that Bermuda have made seem to be having a positive effect as the Bermuda Stock Exchange […]

Here’s a useful list of all of the catastrophe bonds we have recorded as issued during the year 2010. Each deal is linked to our catastrophe bond deal directory where you can read more details on the transaction structure and cover provided by each cat bond. By our reckoning there were 26 deals issued about […]

Guy Carpenter has begun publishing its update on the Q3 2010 catastrophe bond market activity on its GCCapitalIdeas.com blog. Only two transactions came to market during the 3rd quarter increasing risk capital available by just $232m, making it a light quarter although historically in line with previous Q3 issuance.

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 […]

Fitch Ratings have issued a report on the expected losses from Hurricane Dolly. They don’t expect Dolly to cause a major loss to the industry and while their are two outstanding catastrophe bonds which cover the region affected, Fitch say that neither Merna Reinsurance Ltd. or Camplain Ltd. are likely to be triggered. You can […]