It’s funny how old names from the reinsurance and catastrophe bond sectors tend to keep reappearing in the news. One of those company names that just won’t seem to go away is Lehman Re, the Bermuda reinsurance arm of Lehman Brothers. Clearly the Lehman name has had a huge impact on the catastrophe bond market […]
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Ever since the collapse of Lehman Brothers the tangled web of connections made through re/insurance linked deals with the firm have gradually unravelled to expose the massive influence and impact the companies failure had. A number of catastrophe bonds were impacted by Lehman’s collapse but the impact to reinsurers has spread beyond the cat bond […]
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The Newton Re Ltd. catastrophe bond transaction which utilised Lehman Brothers Special Financing division as counterparty for a total-return swap has now matured. The 2008 transaction has been consistently downgraded by rating agencies since the global financial crisis caused the collapse of Lehman Brothers. The deal matured on the 7th January 2011 but failed to […]
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I’ve written a number of times about the relative performance of cat bonds compared to other investments but it is only in the past couple of months that the difference in performance is really becoming apparent. Despite all the negative press about securitization, reports of large catastrophe losses, discussion of the failure of Lehman Brothers […]
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