Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

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Montana Re was first five peril catastrophe bond to use Paradex

28th December 2010

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 announces completion of Montana Re catastrophe bond

30th November 2009

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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