Swiss Re Insurance-Linked Fund Management

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Nelson Re cat bond saga comes to a close as notes mature

15th April 2013

The catastrophe bond and insurance-linked securities market can put one of its more unfortunate moments to bed now as the Nelson Re Ltd. catastrophe bond, whose fate had been uncertain due to arbitration claims, has finally been allowed to mature. The notes issued by Nelson Re in 2008 have now matured and been delisted from […]

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Glacier Re extends Nelson Re catastrophe bond again

29th February 2012

Unsurprisingly the Nelson Re Ltd. catastrophe bond saga has not yet been resolved. The uncertainty revolves around whether the investors in the Class G tranche of cat bond notes issued by Nelson Re will face a loss or not, ultimately due to hurricane Ike losses. The disagreement between the sponsor Glacier Re and others including […]

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Nelson Re catastrophe bond extended again

1st December 2011

The confusion around whether the Nelson Re catastrophe bond from Glacier Re is going to make a payout to investors continues after the deal was extended again a couple of days ago. This document from the Cayman Islands Stock Exchange shows that an extension notice was submitted on the 28th November, extending the deal until […]

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Nelson Re catastrophe bond Class G notes extended to December

1st September 2011

It looks like the final loss attributable to the Nelson Re catastrophe bond will not be known until at least December as the $67.5m Class G notes have had their maturity extended to the 6th December 2011 according to an announcement from Glacier Re. We updated you in July on the losses suffered by Nelson […]

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Catastrophe bond maturities continue apace in June

10th June 2011

The rate of catastrophe bond maturities has picked up with five transactions maturing in the last few days and another two due to mature before the end of the month. With close to $2.4 billion of cat bonds due to mature by the end of this quarter there is plenty of excess capital which is […]

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