montana re ltd

Share

A.M. Best affirms ratings of Montana Re Ltd. 2009-1 catastrophe bond

Ratings agency A.M. Best has revisited the Montana Re Ltd. Series 2009-1 catastrophe bond transaction to assess whether any change to the deals ratings was required. Ratings agencies often do this as cat bonds move closer to maturity and Montana Re is due to mature in December this year. A.M. read the full article →

Montana Re cat bond upgraded as reverts back to second-event status

Two classes of notes issued by Montana Re Ltd. in its Series 2010-1 catastrophe bond deal have been upgraded by ratings agency Standard & Poor's. The $210m cat bond sponsored by reinsurer Flagstone Re affords them cover for U.S. hurricane, U.S. earthquake, European windstorm, Japan typhoon and Japan earthquake events. read the full article →

A.M. Best downgrades Montana Re Ltd. 2009 catastrophe bond due to new RMS model

Ratings agency A.M. Best have followed suit and downgraded the two tranches of the 2009 Montana Re Ltd. catastrophe bond transaction due to the significant increases in attachment probabilities brought on by the new and updated version of the Risk Management Solutions U.S. hurricane risk model.Yesterday, Standard & Poor's who read the full article →

Montana Re catastrophe bond downgraded on Japan earthquake activation

Flagstone Re's Japan earthquake stricken catastrophe bond, Montana Re Ltd., was confirmed as activated and now on risk for subsequent events ten days ago. At the time no report had emerged to identify the impact to the catastrophe bond notes ratings. Now Standard & Poor's have announced that the notes read the full article →

Montana Re catastrophe bond was activated by Tohoku, Japan earthquake

Finally it has been confirmed that Bermuda reinsurer Flagstone Re's catastrophe bond Montana Re Ltd. Series 2010-1, issued in December 2010, has been activated by the Tohoku, Japan earthquake on the 11th March. The $60m tranche of Class E notes issued by Montana Re have been tipped to be activated read the full article →

A.M. Best places Montana Re catastrophe bond under review due to new RMS hurricane model

A.M. Best have joined Standard & Poor's and put the ratings of catastrophe bonds which utilise the Risk Management Solutions (RMS) U.S. hurricane model under review due to the changes in the latest version of the risk model. The model which was used to assess the cat bonds at 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 →

Are Flagstone Re suggesting that the Montana Re cat bond has been activated?

A press release issued today by Bermuda based reinsurer Flagstone Re seems to suggest that they believe it likely that the earthquake in Japan on the 11th March will count as an activation event for their Montana Re Ltd. catastrophe bond.Ratings agency Standard & Poor's put the $60m Class E read the full article →

Montana Re Ltd. catastrophe bond placed on CreditWatch negative by S&P

Bermuda based reinsurer Flagstone Re's $210m Montana Re Ltd. 2010 catastrophe bond has become the latest cat bond with exposure to the Japanese earthquake to have its ratings put on CreditWatch negative by Standard & Poor's. The deal provides Flagstone Re with cover against U.S. hurricane and earthquake, European windstorm, read the full article →

RMS issues Paradex preliminary index value for Japan earthquake

Risk Management Solutions (RMS) have issued a preliminary index value from their Paradex Japan earthquake index for the 11th March Tohoku earthquake. The Paradex index is used in two of the catastrophe bond transactions with exposure to the Japanese earthquake, Montana Re and Atlas VI Capital.The preliminary guidance from RMS read the full article →