With new Compass Re AIG has now sponsored $1.85 billion in catastrophe bonds

AIG, the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc., has now sponsored $1.85 billion worth of catastrophe bonds in the last three years. The recent completion, just before the end of the year, of the $400m Compass Re Ltd. (Series 2012-1) helped it read the full article →

New $400m Compass Re catastrophe bond takes 2012 issuance over $6 billion

The volume of catastrophe bonds and insurance-linked securities issued in 2012 and listed in our Deal Directory has been helped over the magic $6 billion mark by a late-comer in the form of the second Compass Re Ltd. cat bond sponsored by American International Group (AIG) (was Chartis) subsidiary National read the full article →

AIG estimates $700m loss for Chartis from Japan quake

American International Group (AIG) issued a press release late on Friday to announce the estimated catastrophe losses experienced by its property and casualty subsidiary Chartis in the first quarter 2011. Total estimated insured losses for the quarter are expected to come to around $1 billion with around $700m attributed to read the full article →

Chartis secures an upsized $450m of cat bond cover in latest Lodestone Re issuance

Chartis have managed to secure $450m of catastrophe bond cover in their latest Lodestone Re Ltd. issuance. As we wrote previously here, Chartis sought to return to the cat bond market to secure further cover under their Lodestone Re Ltd. Bermuda domiciled SPV. The deal was initially said to be read the full article →

Chartis seeking new layer of cover with second Lodestone Re cat bond issuance

Chartis are returning to the catastrophe bond market with a second issuance under their Lodestone Re Ltd. cat bond structure. Lodestone Re Ltd., a Bermuda domiciled SPV, was utilised to issue $425m worth of insurance-linked securities earlier this year in May. Now Chartis are seeking a new layer of cover read the full article →

Chartis preparing U.S windstorm & quake cat bond Lodestone Re Ltd.

Chartis, formerly known as AIU Holdings, is preparing and marketing it's first catastrophe bond issuance. The transaction is being issued by Chartis for it's National Union Fire Insurance subsidiary in the U.S. Lodestone Re Ltd. is a Bermuda based SPV set up for the specific purpose of issuing $250m worth of read the full article →