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Travelers to address Long Point II increased attachment point in next cat bond

U.S. insurer Travelers 2009 catastrophe bond issuance Longpoint Re II Ltd. was one of the transactions which saw changes to its risk profile when it was remodelled using the latest version of the RMS hurricane risk model (V. 11) at its annual reset. At the time Travelers said that it read the full article →

Longpoint Re II attachment point could rise by 70% after reset with RMS v11

Yesterday we wrote that U.S. insurer Travelers had successfully completed their latest catastrophe bond Long Point Re III Ltd. but today we've seen that Travelers 2009 issue cat bond Longpoint Re II Ltd. is a cause for some concern for the firm. Cat bonds usually contain clauses that state the read the full article →

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 →

Travelers announces completion of Longpoint Re II catastrophe bond

The Longpoint Re II Ltd. catastrophe bond from Travelers has now completed. The $500m deal (which upsized from an initial $250m) has taken the total issuance in the cat bond market during 2009 over the $3b mark. There are deals in the pipeline but at this stage we're not sure read the full article →

Longpoint Re II Ltd. catastrophe bond from Travelers doubles in size to $500m

The Longpoint Re II Ltd. U.S. hurricane risk catastrophe bond from Travelers Indemnity Company is reported to have been upsized to $500m. That's double the initial value the transaction was initially marketed at and further demonstrates the current health and appeal of the cat bond market. Investor demand is said read the full article →

Longpoint Re II Ltd. catastrophe bond being marketed by Travelers

The tail end of 2009 is proving to be an extremely busy time for the catastrophe bond market, compare it to last year when no deals were issued beyond August and it looks like a different market completely. The latest transaction to be launched is Longpoint Re II Ltd. from read the full article →