munich re

Regular catastrophe bond sponsor Munich Re are once again seeking to issue another transaction in their Queen Street series of deals. Queen Street IV Capital Ltd. is  being marketed to investors as a single tranche catastrophe bond seeking to issue notes which would provide Munich Re with $75m of cover over nearly 3.5 years (more […]

As promised on Monday when they suspended its rating, Standard & Poor’s have reinstated the rating on the Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks.

Standard & Poor’s have published an announcement stating that they have suspended the rating on the recent Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks. The reason for the suspension is the same as the reason that another recent cat bond, Pylon […]

Further details have emerged on the completion of Munich Re’s latest catastrophe bond transaction issued through their Queen Street III Capital Ltd. special purpose vehicle. The deal completed yesterday, and as we wrote at the time managed to triple the amount of protection originally sought by closing at an upsized $150m.

Munich Re’s latest catastrophe bond, issued by their newly domiciled in Ireland SPV Queen Street III Capital Ltd., began marketing as a $50m issuance when we wrote about it on the 15th July. Thanks to significant investor demand for a European windstorm cat bond, which offered investors an opportunity for portfolio diversification, the deal finally […]

As we reported two days ago, Munich Re are returning to the catastrophe bond market with their latest Queen Street transaction, to secure themselves additional European windstorm cover. The cat bond will be issued by their Queen Street III Capital Ltd. special purpose vehicle, which was recently incorporated in Dublin, Ireland. The transaction is now […]

We’ve been hearing rumours in the market about potential catastrophe bond deals which are getting ready to be marketed to investors with sources insisting that at least one new cat bond will issue within the next month. Some of our sources have told us to expect a European windstorm bond as one of the issues. […]

The recent Tohoku earthquake and tsunami disaster in Japan cost Munich Re around €1.5 billion but the spectre of another earthquake occurring in Japan, even under Tokyo itself, is not their biggest fear according to an interview in German newspaper Handelsblatt with Munich Re board member Ludger Arnoldussen.

The recently closed Johnston Re Ltd. Series 2011-1 catastrophe bond transaction has helped bring the amount of capital market cover for hurricanes afforded to the two North Carolina non-profit insurance associations, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA) to $507m.

North Carolina hurricane risk catastrophe bond Johnston Re Ltd. Series 2011-1 has closed successfully at a size of just under $202m, slightly upsized from the initial offering amount that the deal was marketed to investors at. This brings cat bond market issuance for 2011 to over $1.4 billion according to data from our catastrophe bond […]