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Cat bonds instrumental in transforming MPIUA’s reinsurance cover

For the Massachusetts Property Insurance Underwriting Association (MPIUA), which recently completed its second catastrophe bond Cranberry Re Ltd. (Series 2015-1), the capital markets and ILS investors have been instrumental in transforming its reinsurance protection."Catastrophe bond capacity has been instrumental this year in MPIUA’s transformation from a per occurrence to annual read the full article →

Cranberry Re cat bond upsizes to $300m, prices at low-end of guidance

The Massachusetts Property Insurance Underwriting Association (MPIUA) latest catastrophe bond  Cranberry Re Ltd. (Series 2015-1) has upsized by 50%, growing to $300m before close, while the pricing settled at the low-end of guidance.Cranberry Re is the first cat bond from the MPIUA, the Massachusetts state wind pool property insurer for read the full article →

Cranberry Re 2015-1 cat bond launched for Massachusetts MPIUA

The Massachusetts Property Insurance Underwriting Association (MPIUA) is returning to the catastrophe bond market with a $200m deal named Cranberry Re Ltd. (Series 2015-1), which is being sponsored on the MPIUA's behalf by Hannover Rück SE.The MPIUA is the wind pool property insurer for those unable to access traditional insurance read the full article →

Shore Re Ltd. catastrophe bond providing protection to Massachusetts completes

Both Munich Re and GC Securities have announced the completion of the expected Shore Re Ltd. windstorm catastrophe bond which they have been assisting the Massachusetts Property Insurance Underwriting Association (MPIUA) with.The transaction was originally (as we wrote here) supposed to consist of two tranches of cover but it actually read the full article →