european windstorm

The latest Atlas catastrophe bonds from SCOR have grown in size during the marketing phase due to demand from investors. SCOR is issuing three tranches of notes, in two series, under their Atlas VI Capital Ltd. special purpose vehicle. Two tranches of Series 2011-1 cat bond notes are being issued to provide SCOR with U.S. […]

The Atlas VI Capital Ltd. Series 2011 catastrophe bond transaction which we covered the basic details of in an article last week has now received its preliminary rating from Standard & Poor’s. As a result we have more details on the transaction to bring to you here and have also updated our Deal Directory accordingly.

Regular catastrophe bond sponsor, French reinsurer SCOR, are in the early stages of marketing the latest cat bond in their Atlas VI Capital Ltd. series of transactions. This will be their third cat bond through their Dublin, Ireland domiciled Atlas VI Capital SPV and their eighth cat bond in the Atlas series of deals (details […]

Swiss Re’s latest catastrophe bond transaction under their Successor X Ltd. Cayman Islands special purpose vehicle has closed successfully at an upsized $130m. The Series 2011-3 Successor X deal began marketing a few weeks ago, with two tranches of notes, only one of which was being rated. This is the fifth time Swiss Re has […]

The last time we wrote about PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices, they had just reported that their industry loss index had been used for over $2.79 billion worth of risk transfer transactions (including ILW’s and catastrophe bonds). Now, just a month and a half later […]

Munich Re’s recently closed $100m U.S. hurricane and European windstorm catastrophe bond notes issued through their Queen Street IV Capital Ltd. Irish domiciled vehicle have now been listed on the Bermuda Stock Exchange according to a BSX press release. The deal completed a week ago and you can read our previous coverage on the transaction […]

Munich Re have published a press release on the completion of their latest catastrophe bond transaction. As we wrote last week, Queen Street IV Capital Ltd. completed at an upsized $100m las Thursday, securing Munich Re an additional $100m of coverage for certain U.S. hurricane and European windstorm risks. The full press release from Munich […]

Munich Re’s latest catastrophe bond issuance Queen Street IV Capital Ltd. has closed successfully, providing them with an additional layer of reinsurance protection for certain of their U.S. hurricane and European windstorm risks. The fourth Queen Street cat bond from Munich Re started life as a $75m deal but at close today, according to sources, […]

Swiss Re are issuing another catastrophe bond under their Successor X Ltd. principal-at-risk variable-rate note program. Successor X Ltd. is a Cayman Islands domiciled special purpose vehicle. This will be the fifth issuance under the programme and this time they are issuing two tranches of notes, although we only have details on one of them […]

AXA Global P&C have successfully tapped the capital markets for additional European windstorm cover with their second Calypso Capital catastrophe bond deal. The return to the market from AXA saw Calypso Capital Ltd. Series 2011-1 begin to market as a €100m tranche of notes but by the time the deal closed they managed to secure €180m […]