Longpoint Re III Ltd

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Long Point Re III 2015 cat bond up 50% to $300m, prices at mid-point

The latest catastrophe bond issue from U.S. primary insurer Travelers, Long Point Re III Ltd. (Series 2015-1), has upsized by 50% to reach $300m, while the pricing eventually settled at the mid-point of launch guidance.Long Point Re III 2015-1 is Travelers' fifth catastrophe bond and will provide the insurer with read the full article →

Long Point Re III 2015 cat bond set to upsize, price guidance narrows

U.S. primary insurer Travelers' latest catastrophe bond transaction, Long Point Re III Ltd. (Series 2015-1), is set to upsize to as much as $300m, according to sources, while the price guidance has been narrowed towards the upper end of the range.Travelers latest cat bond, which is its fifth issuance, launched read the full article →

Travelers returns to cat bonds with $200m Long Point Re III 2015

U.S. primary insurer Travelers is back in the catastrophe bond market for the first time in two years with a $200m Long Point Re III Ltd. (Series 2015-1) deal, seeking fully-collateralized reinsurance coverage for multiple U.S. perils.Travelers last cat bond issuance was the $300m Long Point Re III Ltd. (Series 2013-1) read the full article →

Travelers achieves greater flexibility with Long Point Re III 2013-1 catastrophe bond

U.S. primary insurer The Travelers Companies, Inc. has successfully sponsored its fourth catastrophe bond transaction with the recently completed Long Point Re III Ltd. (Series 2013-1) transaction. The second issuance under its Long Point Re III Cayman Islands domiciled SPV, this deal secures Travelers a $300m three-year source of fully-collateralized read the full article →

Long Point Re III 2013-1 catastrophe bond doubles in size, drops in price

Another catastrophe bond has increased in size while being marketed and has also seen its price guidance reduced, following the trend of larger and more keenly priced cat bonds that has been the feature of the 2013 cat bond market so far. The Long Point Re III Ltd. (Series 2013-1) read the full article →

Long Point Re III Ltd. 2013-1 cat bond being marketed for Travelers

U.S. insurance company Travelers is bringing its fourth catastrophe bond to market and the second under its Long Point Re III Cayman Islands domiciled cat bond note issuing entity. Previously Travelers has tapped the cat bond market for reinsurance protection against U.S. hurricane risks in 2007 with Longpoint Re Ltd., read the full article →

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 →

GC Securities on structuring Travelers Long Point Re III Ltd. catastrophe bond

GC Securities, the investment banking and registered broker-dealer arm of reinsurance broker Guy Carpenter, have issued a press release regarding their involvement as lead structurer and joint bookrunner on the recently completed Long Point Re III Ltd. catastrophe bond which was issued on behalf of sponsoring U.S. insurer Travelers. GC read the full article →

Long Point Re III Ltd. catastrophe bond completes and rated

U.S. insurer Travelers have successfully completed their latest catastrophe bond Long Point Re III Ltd. today. It's Travelers third trip to the cat bond market with two previous deals, Longpoint Re Ltd. and Longpoint Re II Ltd., having been transacted previously. The successful issuance of this $250m cat bond takes read the full article →

Travelers Long Point Re III Ltd. catastrophe bond grows in size to $250m

Investor demand for catastrophe bonds continues to be demonstrated by the transactions issued this year as the latest cat bond in the market, the Long Point Re III Ltd. deal sponsored by U.S. insurer Travelers, becomes the latest to upsize during marketing. Almost every cat bond issued in recent months read the full article →