Swiss Re Insurance-Linked Fund Management

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News & Analysis Results

Eurus III Ltd. European windstorm catastrophe bond completes, rated

News 14th September 2012

The latest catastrophe bond to hit the market in 2012 has now completed successfully and been rated. The first Euro denominated cat bond of the year, Eurus III Ltd. has been issued successfully on behalf of reinsurer Hannover Re (and certain subsidiaries). The Eurus III cat bond will provide them with a source of European […]

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Hannover Re successfully closes Eurus II cat bond

News 30th July 2009

Catastrophe bond issuance for 2009 now stands at $1.8b thanks to the latest deal to successfully close, Eurus II. Hannover Re has issued this €150m cat bond to protect itself from European windstorms, covering Belgium, Denmark, Germany, France, United Kingdom, Ireland and the Netherlands. Eurus II is a renewal of a 2006 transaction. Eurus II […]

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Eurus II catastrophe bond doubles in size due to demand

News 24th July 2009

Eurus II, the catastrophe bond nearing the end of it’s marketing phase, from Hannover Re has proved to be a popular one. It’s been upsized from it’s initial €75m size to €150m. Demand from investors was said to high as those with insurance-linked security portfolios seek to diversify away from the usual U.S. hurricane risk […]

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Details on the Eurus II catastrophe bond and repurchase agreement

News 15th July 2009

Further details have come to light, via the Standard & Poor’s rating announcement, about Hannover Re’s Eurus II cat bond and it’s novel repurchase agreement collateral set up. The deal is being arranged by BNP Paribas and Aon Benfield Securities with AIR Worldwide providing risk modelling services and acting as calculation agent. The E75m deal […]

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€75m Eurus II cat bond being planned by Hannover Re

News 13th July 2009

Hannover Re are planning a return to the catastrophe bond market with a €75m deal featuring non-U.S. perils and a novel approach to the collateral problem. It’s great to hear that Hannover Re are happy to return to the market given that in March they weren’t interested due to the costs being too high. The […]

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