The recent Montana Re Ltd. cat bond issued for Flagstone Re was the first deal to feature five different perils all of which utilise a Risk Management Solutions (RMS) Paradex index trigger. The deal also features a unique parametric ‘cat-in-a-circle’ arrangement for Cayman Islands hurricane risk. The RMS press release is below.
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Flagstone Re have recently completed their third catastrophe bond transaction, Montana Re Ltd. They used their Cayman Islands based SPV Montana Re to issue $210m worth of catastrophe bond notes to secure three years multi-peril cover. The notes from the deal have been listed on the Bermuda Stock Exchange. The BSX press release follows below.
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The latest catastrophe bond to hit the market and complete successfully in this busy Q4 of 2010 is a second issuance from Montana Re Ltd., Flagstone Re’s Cayman Islands domiciled SPV. Flagstone Re first tapped the capital markets for cover using Montana Re in November 2009 for $175m of multi-peril cat bond cover and have […]
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Flagstone Re has just released a press release announcing the completion of its Montana Re Ltd. U.S. hurricane and earthquake catastrophe bond. As we reported last week the deal completed at $175m in value (up from the initial amount of $120m that Flagstone started marketing the transaction at). As ever, full details on this transaction […]
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Flagstone Re is readying a catastrophe bond transaction for the market called Montana Re Ltd. We mentioned this deal after writing about its existence the other day, now details are emerging we can bring you up to speed. Montana Re is a Cayman Islands based SPV set up to issue the notes from this $120m […]
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