Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities



Mariah Re catastrophe bond downgraded on tornado impact

27th June 2011

As insured loss estimates from the record-setting U.S. tornado season are reported, the potential impact to exposed catastrophe bonds become clearer. The latest update on the cat bond fallout was reported today as Standard & Poor’s announced that they have downgraded the ratings of Mariah Re Ltd.’s Series 2010-1 notes.

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Mariah Re cat bond at risk due to U.S. tornadoes, placed on CreditWatch

14th June 2011

The Mariah Re Ltd. catastrophe bond, which provides coverage to American Family Mutual Insurance for severe thunderstorms including tornadoes, has continued to incur qualifying event losses from the recent severe weather across the U.S. The events which have qualified have now resulted in sufficient covered losses for the rating of the transaction to be placed […]

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