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Nelson Re cat bond saga comes to a close as notes mature

The catastrophe bond and insurance-linked securities market can put one of its more unfortunate moments to bed now as the Nelson Re Ltd. catastrophe bond, whose fate had been uncertain due to arbitration claims, has finally been allowed to mature. The notes issued by Nelson Re in 2008 have now read the full article →

Nelson Re arbitration withdrawn, notes upgraded, principal to be repaid in full

Very interesting news this morning on the Nelson Re Ltd. catastrophe bond, whose fate has been uncertain for well over a year now due to an arbitration claims over whether the Class G tranche of cat bond notes issued by Nelson Re back in 2008 faced a loss of principal read the full article →

Glacier Re catastrophe bond saga continues as Nelson Re Ltd. extended again

The fate of the Nelson Re Ltd. catastrophe bond is still up in the air as arbitration seems as yet to be unresolved over whether the Class G tranche of cat bond notes issued by Nelson Re back in 2008 will face a loss or not, ultimately due to hurricane read the full article →

Glacier Re extends Nelson Re catastrophe bond again

Unsurprisingly the Nelson Re Ltd. catastrophe bond saga has not yet been resolved. The uncertainty revolves around whether the investors in the Class G tranche of cat bond notes issued by Nelson Re will face a loss or not, ultimately due to hurricane Ike losses. The disagreement between the sponsor read the full article →

Glacier Reinsurance takes Nelson Re Ltd. to arbitration seeking $20m+ settlement

The saga of the Nelson Re Ltd. catastrophe bond and whether investors are to lose principal from the Class G notes or not continues to rumble on. We reported back in September that a disagreement had emerged between sponsor Glacier Reinsurance and the SPV's administrator over whether a loss payment read the full article →