Both Munich Re and GC Securities have announced the completion of the expected Shore Re Ltd. windstorm catastrophe bond which they have been assisting the Massachusetts Property Insurance Underwriting Association (MPIUA) with.
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Munich Re has established a new Caymans Island SPV called Shore Re Ltd. which will be used to issue a $100m catastrophe bond on behalf of a Massachusetts state wind insurance pool. The Massachusetts Property Insurance Underwriting Association (MPIUA) has been reinsured by Munich Re America for a portion of their hurricane risks and they […]
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