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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 […]

The latest catastrophe bond to hit the market, Eurus III Ltd., is following the trend of almost every other cat bond of 2012 and has increased in size during the marketing phase, according to our industry sources. Eurus III, which began its life as a single tranche €75m European windstorm cat bond seeking to provide […]

Catastrophe bond market participants will be pleased to see a new cat bond deal come to market during these typically lean summer months when primary issuance slows down. The new cat bond transaction, which is the 21st deal of the year according to our Deal Directory, is being issued through Bermudian special purpose insurer Eurus […]

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 […]

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 […]

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 […]

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 […]

Angus Duncan, a lawyer with a wealth of experience in the insurance-linked securities (ILS) and collateralised reinsurance space, has moved firms to join law firm Hunton & Williams as a London-based Partner in its Structured Finance and Securitization Practice.

Angus Duncan, an insurance-linked securities (ILS) experienced lawyer, has joined the London office of Winston & Strawn LLP as a partner, bringing experience in catastrophe bonds, reinsurance sidecars and other ILS structures to the firm.

Following an impressive 2014 the Bermuda Stock Exchange (BSX) has passed yet another milestone, revealing that a significant $17.462 billion catastrophe bonds, ILS, sidecars and reinsurance investment funds are now listed on the Exchange.