european windstorm

Regular catastrophe bond sponsor Munich Re are once again seeking to issue another transaction in their Queen Street series of deals. Queen Street IV Capital Ltd. is  being marketed to investors as a single tranche catastrophe bond seeking to issue notes which would provide Munich Re with $75m of cover over nearly 3.5 years (more […]

French insurance group AXA, through their AXA Global P&C subsidiary, are returning to the catastrophe bond market for European windstorm coverage with another issuance under their Calypso Capital Ltd., Republic of Ireland domiciled special purpose vehicle. Almost a year ago, Calypso Capital Ltd. Series 2010-1 was issued covering the same Euro windstorm risks and at […]

Risk modeller AIR Worldwide has announced tha launch of updated versions of their European windstorm and European earthquake catastrophe risk models. The new versions of the models feature updates, include new data, cover new countries and AIR say provide “a consistent and comprehensive assessment of the extratropical cyclone and earthquake risk throughout Europe.”

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices, continues to gain traction as the preferred source of European windstorm loss data and index tools. They announced today that their PERILS industry loss index has been involved in just over $2.79 billion worth of risk transfer transactions since the […]

As promised on Monday when they suspended its rating, Standard & Poor’s have reinstated the rating on the Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks.

The recently completed Pylon II Capital Ltd. catastrophe bond, which provides electricity and energy firm EDF with reinsurance protection against French windstorms for five years, is one of the more interesting recent deals, particularly due to the involvement of French bank Natixis in many of the roles required to issue a cat bond.

Standard & Poor’s have today, as promised, assigned the official credit ratings to the two tranches of French windstorm catastrophe bond notes issued recently by Pylon II Capital Ltd. The €150m  transaction provides Electricite De France (better known as EDF), a leading energy and electricity generation firm, with five years of reinsurance protection against windstorms […]

Standard & Poor’s have published an announcement stating that they have suspended the rating on the recent Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks. The reason for the suspension is the same as the reason that another recent cat bond, Pylon […]

Risk modeller EQECAT, Inc. have issued a press release regarding their involvement in the recently completed Pylon II Capital Ltd. catastrophe bond which transferred some of EDF’s European windstorm risks in France to the capital markets. The press release provides a little extra detail to our previous coverage on this transaction.

The latest catastrophe bond which provides protection ultimately to a corporate sponsor, Pylon II Capital Ltd., closed yesterday at a target size of €150m. The transaction provides Electricite De France (better known as EDF), one of the largest energy companies in the world and a leader in nuclear power generation, with five years of reinsurance […]