flagstone re

Not strictly on-topic for Artemis, but no doubt of great interest to our readers, major buy-outs and mergers in the reinsurance sector are big news as they allow for the movement of capital around the sector and are the end-goal of many investors who commit capital to the reinsurance space. So the news today that […]

Flagstone Re’s Japan earthquake stricken catastrophe bond, Montana Re Ltd., was confirmed as activated and now on risk for subsequent events ten days ago. At the time no report had emerged to identify the impact to the catastrophe bond notes ratings. Now Standard & Poor’s have announced that the notes have indeed been downgraded as […]

Finally it has been confirmed that Bermuda reinsurer Flagstone Re’s catastrophe bond Montana Re Ltd. Series 2010-1, issued in December 2010, has been activated by the Tohoku, Japan earthquake on the 11th March. The $60m tranche of Class E notes issued by Montana Re have been tipped to be activated since late March but now […]

Bermuda based reinsurer Flagstone Re’s $210m Montana Re Ltd. 2010 catastrophe bond has become the latest cat bond with exposure to the Japanese earthquake to have its ratings put on CreditWatch negative by Standard & Poor’s. The deal provides Flagstone Re with cover against U.S. hurricane and earthquake, European windstorm, Cayman Islands hurricane and Japanese […]

Loss estimates for the New Zealand earthquake earlier this year have been rising steadily as more and more claims get filed. Only a couple of months ago the loss estimates were for an industry loss of around $3 billion, to which some said that certain industry-loss warranty (ILW) contracts would be triggered.

The latest catastrophe bond to hit the market and complete successfully in this busy Q4 of 2010 is a second issuance from Montana Re Ltd., Flagstone Re’s Cayman Islands domiciled SPV. Flagstone Re first tapped the capital markets for cover using Montana Re in November 2009 for $175m of multi-peril cat bond cover and have […]

Flagstone Re is readying a catastrophe bond transaction for the market called Montana Re Ltd. We mentioned this deal after writing about its existence the other day, now details are emerging we can bring you up to speed. Montana Re is a Cayman Islands based SPV set up to issue the notes from this $120m […]