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Travelers to address Long Point II increased attachment point in next cat bond

U.S. insurer Travelers 2009 catastrophe bond issuance Longpoint Re II Ltd. was one of the transactions which saw changes to its risk profile when it was remodelled using the latest version of the RMS hurricane risk model (V. 11) at its annual reset. At the time Travelers said that it read the full article →

Longpoint Re II attachment point could rise by 70% after reset with RMS v11

Yesterday we wrote that U.S. insurer Travelers had successfully completed their latest catastrophe bond Long Point Re III Ltd. but today we've seen that Travelers 2009 issue cat bond Longpoint Re II Ltd. is a cause for some concern for the firm. Cat bonds usually contain clauses that state the read the full article →