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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 →