chartis

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 to achieve this total. A […]

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 Union Fire Insurance Co. of […]

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 the Japanese earthquake and tsunami […]

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 valued at $250m, split into […]

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 for their subsidiary National Union Fire […]

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.