Swiss Re Insurance-Linked Fund Management

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newton re ltd


Lehman linked catastrophe bond Newton Re Ltd. defaults on final payment

16th January 2011

The Newton Re Ltd. catastrophe bond transaction which utilised Lehman Brothers Special Financing division as counterparty for a total-return swap has now matured. The 2008 transaction has been consistently downgraded by rating agencies since the global financial crisis caused the collapse of Lehman Brothers. The deal matured on the 7th January 2011 but failed to […]

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