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Travelers achieves greater flexibility with Long Point Re III 2013-1 catastrophe bond

U.S. primary insurer The Travelers Companies, Inc. has successfully sponsored its fourth catastrophe bond transaction with the recently completed Long Point Re III Ltd. (Series 2013-1) transaction. The second issuance under its Long Point Re III Cayman Islands domiciled SPV, this deal secures Travelers a $300m three-year source of fully-collateralized read the full article →

Long Point Re III 2013-1 catastrophe bond doubles in size, drops in price

Another catastrophe bond has increased in size while being marketed and has also seen its price guidance reduced, following the trend of larger and more keenly priced cat bonds that has been the feature of the 2013 cat bond market so far. The Long Point Re III Ltd. (Series 2013-1) read the full article →

Long Point Re III Ltd. 2013-1 cat bond being marketed for Travelers

U.S. insurance company Travelers is bringing its fourth catastrophe bond to market and the second under its Long Point Re III Cayman Islands domiciled cat bond note issuing entity. Previously Travelers has tapped the cat bond market for reinsurance protection against U.S. hurricane risks in 2007 with Longpoint Re Ltd., read the full article →

Travelers to address Long Point II increased attachment point in next cat bond

U.S. insurer Travelers 2009 catastrophe bond issuance Longpoint Re II Ltd. was one of the transactions which saw changes to its risk profile when it was remodelled using the latest version of the RMS hurricane risk model (V. 11) at its annual reset. At the time Travelers said that it read the full article →

GC Securities on structuring Travelers Long Point Re III Ltd. catastrophe bond

GC Securities, the investment banking and registered broker-dealer arm of reinsurance broker Guy Carpenter, have issued a press release regarding their involvement as lead structurer and joint bookrunner on the recently completed Long Point Re III Ltd. catastrophe bond which was issued on behalf of sponsoring U.S. insurer Travelers. GC read the full article →

Longpoint Re II attachment point could rise by 70% after reset with RMS v11

Yesterday we wrote that U.S. insurer Travelers had successfully completed their latest catastrophe bond Long Point Re III Ltd. but today we've seen that Travelers 2009 issue cat bond Longpoint Re II Ltd. is a cause for some concern for the firm. Cat bonds usually contain clauses that state the read the full article →

Long Point Re III Ltd. catastrophe bond completes and rated

U.S. insurer Travelers have successfully completed their latest catastrophe bond Long Point Re III Ltd. today. It's Travelers third trip to the cat bond market with two previous deals, Longpoint Re Ltd. and Longpoint Re II Ltd., having been transacted previously. The successful issuance of this $250m cat bond takes read the full article →

Travelers Long Point Re III Ltd. catastrophe bond grows in size to $250m

Investor demand for catastrophe bonds continues to be demonstrated by the transactions issued this year as the latest cat bond in the market, the Long Point Re III Ltd. deal sponsored by U.S. insurer Travelers, becomes the latest to upsize during marketing. Almost every cat bond issued in recent months read the full article →

More details on Travelers Long Point Re III catastrophe bond

The latest catastrophe bond of 2012 was launched last week when we revealed that U.S. insurance group Travelers would be returning to the cat bond market with their third transaction, Long Point Re III Ltd. This deal see's Travelers re-use the naming convention (with the addition of a space) of read the full article →

Travelers sponsoring new Long Point Re III Ltd. catastrophe bond

U.S. insurance group Travelers is bringing their third catastrophe bond to market through a newly established program called Long Point Re III Ltd. according to sources in the ILS market. Travelers are continuing the Longpoint Re naming tradition of their two earlier transactions, Longpoint Re Ltd. and Longpoint Re II read the full article →