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Calabash Re III Ltd cat bond gets to market through innovation

Swiss Re has released further details on it's recent Calabash Re III Ltd catastrophe bond deal. The $100m deal provides Swiss Reinsurance America Ltd with a source of capacity for a reinsurance agreement which gives it three years of cover. The deal provides Swiss Re America with protection against losses read the full article →

Bank of New York Mellon appointed trustee and paying agent for Mystic Re II cat bond

Below is a copy of a press release received while I was away regarding the appointment of the Bank of New York Mellon as trustee and paying agent for the Liberty Mutual Mystic Re II catastrophe bond deal.NEW YORK, April 13 - The Bank of New York Mellon (NYSE: BK) read the full article →