lakeside re ii ltd

Zurich Financial has announced the completion of its $225m catastrophe bond, Lakeside Re II Ltd. The three year deal will protect its subsidiaries Zurich American Insurance Co. Ltd. and Zurich Insurance Co. Ltd. against potential claims from certain qualifying earthquakes across the state of California. The offering is said to have been oversubscribed although Zurich […]

Zurich is preparing to launch a $225m (remember that could rise) catastrophe bond to provide it with protection against earthquakes in California. The transaction will be issued by Cayman Islands based SPV Lakeside Re II Ltd.