Windstorm Xynthia tracked across northern France and into Germany on Saturday 27th and Sunday 28th February. Wind speeds recorded reached as much as 30 meters per second and a tidal surge (which coincided with spring tides) impacted the French Atlantic coast causing major damage and flooding. 50 people have been confirmed killed due to the […]
Read the full article
Catastrophe bond issuance for 2009 now stands at $1.8b thanks to the latest deal to successfully close, Eurus II. Hannover Re has issued this €150m cat bond to protect itself from European windstorms, covering Belgium, Denmark, Germany, France, United Kingdom, Ireland and the Netherlands. Eurus II is a renewal of a 2006 transaction. Eurus II […]
Read the full article
Further details have come to light, via the Standard & Poor’s rating announcement, about Hannover Re’s Eurus II cat bond and it’s novel repurchase agreement collateral set up. The deal is being arranged by BNP Paribas and Aon Benfield Securities with AIR Worldwide providing risk modelling services and acting as calculation agent. The E75m deal […]
Read the full article
