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Catastrophe bond ratings on watch due to new RMS hurricane model

Ratings agency Standard & Poor's has placed the ratings of 16 tranches of catastrophe bond deals on CreditWatch negative due to recent changes in the risk model which was used to assess these cat bonds risks at the time of their issue. All the affected transactions utilise the Risk Management read the full article →

Lodestone Re Ltd. catastrophe bond notes listed on the Bermuda Stock Exchange

We've just received a press release from the Bermuda Stock Exchange announcing the listing of the notes issued by Lodestone Re Ltd. at the tail end of 2010. The $450m cat bond issued on behalf of Chartis provides them with cover against U.S. hurricanes and earthquakes. The press release from read the full article →

Chartis secures an upsized $450m of cat bond cover in latest Lodestone Re issuance

Chartis have managed to secure $450m of catastrophe bond cover in their latest Lodestone Re Ltd. issuance. As we wrote previously here, Chartis sought to return to the cat bond market to secure further cover under their Lodestone Re Ltd. Bermuda domiciled SPV. The deal was initially said to be read the full article →

Chartis seeking new layer of cover with second Lodestone Re cat bond issuance

Chartis are returning to the catastrophe bond market with a second issuance under their Lodestone Re Ltd. cat bond structure. Lodestone Re Ltd., a Bermuda domiciled SPV, was utilised to issue $425m worth of insurance-linked securities earlier this year in May. Now Chartis are seeking a new layer of cover read the full article →

Chartis completes $425m Lodestone Re Ltd. catastrophe bond

Chartis has announced the completion of its first catastrophe bond issue, Lodestone Re Ltd. The deal completed significantly bigger than it's initial $250m size and has resulted in Chartis obtaining $425m of  fully collteralized cover against losses from U.S. hurricanes and earthquakes until May 2013.Investor demand has again been high read the full article →

Chartis preparing U.S windstorm & quake cat bond Lodestone Re Ltd.

Chartis, formerly known as AIU Holdings, is preparing and marketing it's first catastrophe bond issuance. The transaction is being issued by Chartis for it's National Union Fire Insurance subsidiary in the U.S.Lodestone Re Ltd. is a Bermuda based SPV set up for the specific purpose of issuing $250m worth of read the full article →