Swiss Re Insurance-Linked Fund Management

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hurricane isaac


Hurricane Isaac losses confirmed too low to impact Pelican Re cat bond

16th October 2012

Finally a statement has come from the Louisiana state property insurer of last resort, Louisiana Citizens, which confirms that their losses from hurricane Isaac insurance claims will not be sufficient to trigger the Pelican Re Ltd. (Series 2012-1) catastrophe bond. There have been a number of statements where LA Citizens have said they expect the […]

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Louisiana Insurance Commissioner: Isaac claims won’t trigger Pelican Re catastrophe bond

7th September 2012

More anecdotal evidence suggests that Louisiana Citizens Pelican Re Ltd. (Series 2012-1) catastrophe bond will not be triggered by claims resulting from hurricane Isaac. Just the other day Richard Robertson, the chief executive of Louisiana Citizens, made comments which suggested he felt the cat bond would not be in danger. Now the Louisiana Insurance Commissioner, […]

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