Following on from Tuesdays news that Standard & Poor’s had placed the notes of the Blue Coast Ltd. catastrophe bond onto CreditWatch negative, S&P have now announced that the three tranches have been downgraded. Blue Coast is a 2008 deal that provides Allianz Risk Transfer with cover against U.S. hurricanes on certain coastal counties of […]
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Standard & Poor’s have placed the notes of the Blue Coast Ltd catastrophe bond onto CreditWatch negative due to the possibility of losses from hurricanes Gustav and Ike. Blue Coast provides Allianz Risk Transfer with cover against U.S. landfalling hurricanes until December 2010 (with an option to extend a further 24 months), the deal was […]
We’ve just added to the website full details on the impending $120m catastrophe securitization deal between Allianz Risk Transfer (Bermuda) Ltd. and their Cayman Islands based SPV Blue Coast Ltd. The deal provides protection from U.S. hurricanes to Allianz ART over the next few years and features an innovative trigger mechanism which removes a great […]
German insurance and reinsurance group Allianz said that attractive market conditions combined with demand from investors for catastrophe bonds helped it lock in a competitive price on the recently completed Blue Danube II Ltd. (Series 2013-1) cat bond. Interest in the transaction was strong as capital markets investors came out in force to support Allianz.
Having written in the last week about the volume of catastrophe bonds which are listed on the stock exchanges in Bermuda and the Cayman Islands I thought it would be a good idea to list them out by domicile for your information. We are going to include this information into a new catastrophe bond Deal […]
AIR Worldwide has announced that it has now modeled the risks on over $10b worth of catastrophe bonds since the market took off in 1996. They also claim to have modeled the risks on over 56% of the deals struck since 2007. During 2008 they provided services to 70% of the catastrophe bond capital issued […]
AIR Worldwide released a press shot this week announcing that so far this year they have provided risk modeling and analytical services for $2b worth of catastrophe bonds. The press release doesn’t (unfortunately) detail all the deals that have contributed to this number so I thought I’d provide a list of the ones we know […]
The county level trigger structure of the recent Blue Coast Ltd. catastrophe bond from Allianz is said to offer greater transparency to investors, a better way to manage basis risk and the ability to create a spread which more closely matches an insurers loss portfolio. All great things which could herald an easier way for […]
The Blue Coast Ltd deal from Allianz Risk Transfer has now officially closed. The notes have received ratings of BB-, B+ and B from Standard & Poor’s. This deal with an innovative approach to the trigger is fully detailed in our Deal Directory including the link to the Allianz press release.