Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Mariah Re Ltd. Series 2010-2

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Mariah Re catastrophe bond payout goes to litigation

12th July 2013

The story of the Mariah Re Ltd. catastrophe bonds is not over yet. The two severe thunderstorm cat bond issuances by the Mariah Re Ltd. special purpose vehicle were both stricken by one of  the worst U.S. tornado seasons on record in 2011, causing both series of cat bond notes issued by Mariah Re to […]

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S&P downgrades Mariah Re 2010-1 notes on loss payment

11th January 2012

Ratings agency Standard & Poor’s have downgraded the issue credit rating on the Series 2010-1 notes issued by Mariah Re Ltd. from ‘CC’ to ‘D’ today. This may well be the final update on this the first of the defaulted Mariah Re severe thunderstorm catastrophe bonds which became a total loss due to the record […]

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