european windstorm

The recently completed MultiCat Mexico Ltd. (Series 2012-1) catastrophe bond, which you can read all about in our Deal Directory, became on-risk yesterday, the 15th of October, we believe according to available documentation. The risk period began yesterday and in a very unusual occurrence there is a hurricane heading directly for one of the cat bonds […]

The latest catastrophe bond to hit the market, MultiCat Mexico Ltd. Series 2012-1, closed and listed on the Cayman Islands stock exchange on Friday and has received its final ratings from Standard & Poor’s today. The second MultiCat deal, replacing the cover from MultiCat Mexico 2009, was extremely well received by investors, becoming oversubscribed, upsizing […]

Interest in the catastrophe bond market and demand for new issuance is showing no sign of letting up, as investor sources tell us that the latest cat bond deal to come to market has increased in size a little and the price guidance has been reduced a lot. MultiCat Mexico Ltd. Series 2012-1, the 22nd […]

Interesting news for the catastrophe bond market today as a new MultiCat Mexico Ltd. cat bond begins marketing. MultiCat Mexico Ltd. Series 2012-1 will replace the cover afforded by the MultiCat Mexico 2009 cat bond which matures at the end of September. MultiCat Mexico 2012 is being marketed as a $300m deal but there is […]

Just a week ago, German reinsurer Hannover Re completed their latest catastrophe bond transaction, Eurus III Ltd. Hannover Re have been a regular issuer of cat bonds and have also used the capital markets for a number of other insurance securitization transactions, including life securitization in the past. So they are not a newcomer to the […]

The latest catastrophe bond to hit the market in 2012 has now completed successfully and been rated. The first Euro denominated cat bond of the year, Eurus III Ltd. has been issued successfully on behalf of reinsurer Hannover Re (and certain subsidiaries). The Eurus III cat bond will provide them with a source of European […]

PERILS AG, the Zurich-based independent provider of industry-wide European catastrophe insurance data and loss indices, has issued an update on how their loss data and indices have been used by the reinsurance and catastrophe bond sector. When we last reported on PERILS they had just cleared $4 billion of limits placed using their data and […]

The latest catastrophe bond to hit the market, Eurus III Ltd., is following the trend of almost every other cat bond of 2012 and has increased in size during the marketing phase, according to our industry sources. Eurus III, which began its life as a single tranche €75m European windstorm cat bond seeking to provide […]

The latest property market insured loss estimate for European windstorm Andrea has been published today by PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices. Back in April PERILS issued their second loss estimate for European windstorm Andrea at €309m, up from their first estimate in February of €267m. […]

The insured loss estimate for European windstorm Joachim has been reduced again by PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices. European windstorm Joachim impacted Western Europe from 15 – 17 December 2011. In their last update on the storm in March, PERILS pegged the insured loss amount […]