MetroCat Re Ltd. Series 2017-1

Share

Swiss Re helps NY MTA to “transparent” parametric MetroCat cat bond

Global reinsurance firm Swiss Re helped the First Mutual Transportation Assurance Company ("FMTAC"), the New York State captive insurer of the Metropolitan Transportation Authority ("MTA"), to "transparent" protection through its $125 million MetroCat Re Ltd. (Series 2017-1) catastrophe bond.The capital markets and investment banking specialist unit of the reinsurer, Swiss read the full article →

New York MTA uses ILS to create “tension” between reinsurance markets

Executives from New York Metropolitan Transportation Authority (MTA) and its captive insurance subsidiary, First Mutual Transportation Assurance Co. (FMTAC), have discussed how the entity utilises the capital markets to create tension and competition between markets when placing its reinsurance program.The MTA’s 2017-2018 property reinsurance program is capitalised to the tune read the full article →

New York MTA’s new MetroCat Re 2017 cat bond priced below mid-point

The new $125 million MetroCat Re Ltd. (Series 2017-1) catastrophe bond from the New York Metropolitan Transportation Authority (MTA) has now been priced at a level below the middle of guidance and sources tell us the deal has not been upsized.The second catastrophe bond to be sponsored by the New York read the full article →

New York MTA targets $125m parametric MetroCat Re 2017-1 cat bond

The New York Metropolitan Transportation Authority (MTA) is returning to the catastrophe bond market for its second issuance, a $125 million MetroCat Re Ltd. (Series 2017-1) cat bond, which will provide the NY MTA's captive insurer the First Mutual Transportation Assurance Co. with parametric storm surge and earthquake reinsurance protection.The read the full article →