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The Longpoint Re II Ltd. U.S. hurricane risk catastrophe bond from Travelers Indemnity Company is reported to have been upsized to $500m. That’s double the initial value the transaction was initially marketed at and further demonstrates the current health and appeal of the cat bond market. Investor demand is said to the reason for the […]

The tail end of 2009 is proving to be an extremely busy time for the catastrophe bond market, compare it to last year when no deals were issued beyond August and it looks like a different market completely. The latest transaction to be launched is Longpoint Re II Ltd. from Travelers Indemnity Company.

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) deal is U.S. insurer 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., 2009 with Longpoint Re II […]

The issuance market for catastrophe bonds continues to be quiet but, as we understand it, we hope to see some action before the end of the month as a number of deals are currently being firmed up prior to marketing. As always, you can read every market news story and article on the Artemis news […]

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 suspected the attachment point may […]

As we move towards the end of the year and the ever important January reinsurance renewals, it’s no surprise to see a new reinsurance-linked investment fund launch or for more cat bonds to come to market. As always, you can read every market news story and article on the Artemis news blog, subscribe to our […]

U.S. primary insurer Travelers has become the second of the majors to release an estimate of their losses suffered from hurricane Sandy damage. Their estimate of $1.135 billion of gross losses before tax and reinsurance recoveries suggests that their two catastrophe bonds which had exposure to Sandy, Longpoint Re II Ltd. and Long Point Re III Ltd., […]

2012 has been a good year for the catastrophe bond and insurance-linked securities market so far. We’ve seen issuance this year hit the second highest level on record, we currently have just over $5.6 billion worth of 2012 transactions listed in our Deal Directory which is second only to 2007. The market has also reached […]

As is to be expected after a natural catastrophe event with the size and reach of hurricane and post-tropical storm Sandy, the estimates of insurance industry losses keep rising. This is typical of a complex, never seen in recent times, catastrophe event. For a great example of how loss estimates can creep under these circumstances […]