Loma Reinsurance (Bermuda) Ltd.

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Argo’s Loma Re & two Resilience Re cat bonds have maturity extended further

Insurance and reinsurance group Argo has again elected to extend the maturity date further on its at-risk aggregate multi-peril catastrophe bond Loma Reinsurance (Bermuda) Ltd. (Series 2013-1).The cat bond market and its investors continue to expect a loss of principal for the remaining $65 million of Class C notes from read the full article →

Argo’s aggregate cat bond Loma Re’s maturity extended again

Insurance and reinsurance group Argo is not yet ready to make a claim on its at-risk aggregate multi-peril catastrophe bond Loma Reinsurance (Bermuda) Ltd. (Series 2013-1), as the maturity date has been extended again.The market continues to anticipate a loss of principal for the remaining $65 million of Class C read the full article →

Argo’s Loma Re 2013 Class C cat bond notes extended to 2019

Argo Group's at-risk $65 million Class C tranche of notes from its Loma Reinsurance (Bermuda) Ltd. (Series 2013-1) multi-peril catastrophe bond has had its maturity date extended into 2019, as loss development continues.This is another of the catastrophe bonds that had its maturity extended following the 2017 hurricanes and catastrophe read the full article →

Argo’s Loma Re 2013 Class C cat bond maturity extended again

Insurance and reinsurance firm Argo Group has elected to extend the maturity data again for its at-risk $65 million Class C tranche of notes from its Loma Reinsurance (Bermuda) Ltd. (Series 2013-1) multi-peril catastrophe bond, as loss development continues.With industry loss estimates for the 2017 hurricanes having risen again in read the full article →

Argo’s Loma Re 2013 Class C notes have maturity extended again

The impact and losses from last year's hurricanes continues to be assessed and as a result insurance and reinsurance firm Argo Group has further extended the maturity date for the at-risk $65 million Class C tranche of notes from its Loma Reinsurance (Bermuda) Ltd. (Series 2013-1) multi-peril catastrophe bond.The Loma read the full article →

Argo extends $65m Loma Re Class C notes, allows others to mature

Insurance and reinsurance firm Argo Group has extended maturity of the $65 million Class C tranche of notes from its Loma Reinsurance (Bermuda) Ltd. (Series 2013-1) multi-peril catastrophe bond to allow for losses to be finalised, but has allowed the other two tranches to mature showing that they are safe read the full article →

Loma Re cat bond payout likely on Argo hurricane loss estimate

According to Artemis' market sources, an estimate of sponsor Argo Group's losses suggests that the re/insurers Loma Reinsurance (Bermuda) Ltd. (Series 2013-1) multi-peril catastrophe bond has been triggered, with one tranche of notes likely to payout in full and another likely impaired.The Loma Re Bermuda 2013 cat bond is an read the full article →

ILS investors suggest Argo’s Loma Re Bermuda 2013 cat bond at risk

Another outstanding catastrophe bond has been highlighted as being particularly at risk following the recent hurricane loss events, as ILS investor sentiment and trades suggest one tranche of Argo Group's Loma Reinsurance (Bermuda) Ltd. (Series 2013-1) multi-peril cat bond is among those that could trigger.The Loma Re Bermuda 2013 cat read the full article →

Loma Re cat bond and ILS add stability to Argo’s financial results

The recent issuance of international specialty insurance and reinsurance company Argo Group’s latest catastrophe bond transaction, Loma Reinsurance (Bermuda) Ltd. (Series 2013-1), adds attractive stability to its financial results, according to its CEO.Loma Re (Bermuda) 2013-1 completed just before the end of 2013, a series of three tranches of catastrophe read the full article →

Argo’s Loma Re cat bond grows again to $172m, prices at low-end

Argo Group's latest catastrophe bond transaction, Loma Reinsurance (Bermuda) Ltd. (Series 2013-1), has grown in size again before closing we understand, with one tranche increasing by $7m taking the total cat bond size to $172m for Argo.Loma Reinsurance (Bermuda) sees insurance and reinsurance company Argo Group seeking a four-year source read the full article →