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AIG resets Tradewynd Re 2014-1 cat bond at higher risk level

Insurance firm AIG has reset its most recent multi-peril catastrophe bond, Tradewynd Re Ltd. (Series 2014-1), at a slightly higher probability of attachment for the second risk period, resulting in a slight increase in the risk interest spread paid to investors.AIG's Tradewynd Re 2014-1 was a $500 million, triple tranche read the full article →

Tradewynd Re 2014-1 cat bond pricing settles at or below mid-point

The pricing on American International Group's (AIG) latest catastrophe bond transaction, Tradewynd Re Ltd. (Series 2014-1), has settled at the mid-point of guidance on one tranche of notes and below it on the other two.The seventh cat bond to be sponsored by AIG and subsidiaries since 2010, Tradewynd Re 2014-1 launched read the full article →

AIG’s Tradewynd Re 2014-1 cat bond grows by 67% to $500m

According to market sources, Tradewynd Re Ltd. (Series 2014-1), the latest catastrophe bond issuance to be sponsored by global insurance firm American International Group (AIG), has increased in size by 67% to now offer $500m of notes to investors.AIG's seventh cat bond issue since 2010, Tradewynd Re 2014-1 launched about read the full article →

AIG returns with $300m Tradewynd Re 2014-1 catastrophe bond

Global insurance firm American International Group (AIG) is returning to the catastrophe bond market for its third Tradewynd deal, seeking at least $300m of reinsurance protection from the capital markets with Tradewynd Re Ltd. (Series 2014-1).AIG has become a regular visitor to the cat bond and insurance-linked securities (ILS) market, read the full article →

Tradewynd catastrophe bond benefitted from modelling disclosure

RMS, one of the world's leading catastrophe modellers, states that it has pioneered a new approach to modeling indemnity catastrophe bonds, through its work with AIG and Swiss Re on the recently completed Tradewynd Re Ltd. (Series 2013-2) deal.This is the second Tradewynd cat bond sponsored by AIG, the first read the full article →

AIG sponsored $2.375 billion insurance-linked securities since 2010

The completion on December 18th of the latest catastrophe bond from insurer AIG, Tradewynd Re Ltd. (Series 2013-2), takes the total amount of insurance-linked securities (ILS) sponsored by the insurer since 2010 to $2.375 billion.AIG commented yesterday on the completion of its latest catastrophe bond transaction. It said that it read the full article →

2013 cat bond issuance passes $7 billion, market hits $20 billion for first time

2013 catastrophe bond issuance has passed the $7 billion milestone for the first time this year with the completion of the latest catastrophe bond from insurer AIG, Tradewynd Re Ltd. (Series 2013-2), which takes the size of the cat bond market over $20 billion.The completion of Tradewynd Re 2013-2 yesterday, read the full article →

Pricing drops again on AIG’s Tradewynd Re 2013-2 cat bond

Yesterday, we wrote that AIG’s latest catastrophe bond transaction, Tradewynd Re Ltd. (Series 2013-2), had more than doubled to $400m, while at the same time pricing appeared to have settled at the upper end of the tightened range.However, sources told Artemis late yesterday that price expectations for two of the read the full article →

AIG’s Tradewynd Re 2013-2 cat bond grows again to $400m, pricing set

Yesterday we wrote that AIG’s latest catastrophe bond transaction, Tradewynd Re Ltd. (Series 2013-2), had grown to $180m, one tranche was withdrawn and pricing tightened. Today the deal is said to have jumped in size to $400m, while pricing was set at the top of the tightened range.Update: Scroll to read the full article →

One tranche of AIG’s Tradewynd 2013-2 withdrawn, pricing tightens

AIG's latest catastrophe bond transaction, Tradewynd Re Ltd. (Series 2013-2), has seen one tranche withdrawn from the issuance, while price guidance on the other three has tightened. This cat bond transaction is now targeting $180m across the remaining notes.Update 3rd Dec 2013: We understand that this deal has increased in read the full article →