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As Glacier Re goes into run-off Nelson Re catastrophe bond gets downgraded outlook

An interesting situation has come about after Glacier Re, the Swiss based reinsurer, announced that it was putting itself voluntarily into run-off. On the 27th August Glacier Re announced that it had reviewed its strategic alternatives and decided to discontinue its underwriting operations and go into a self-managed run-off.Glacier Re read the full article →

Nelson Re cat bond downgraded, may attach on developing losses from Hurricane Ike

Moody's has downgraded the ratings of one tranche of the Nelson Re Ltd. catastrophe bond transaction and placed two other tranches on review for possible downgrade. The June 2008 cat bond issued on behalf of Glacier Re is a $180m three year deal.The downgrade follows and announcement by Glacier Reinsurance read the full article →