News & Analysis Results

Foundation Re III Ltd. Series 2011-1 rated by S&P

News 19th February 2011

Hartford Fire Insurance Co’s recently closed catastrophe bond issued by their Cayman based SPV Foundation re III Ltd. has received its rating from Standard & Poor’s. The $135m of catastrophe bond notes provide Hartford and certain subsidiaries with four years of cover against U.S. hurricanes on a per-occurrence basis.

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Foundation Re III Ltd. Series 2011-1 catastrophe bond being marketed

News 10th February 2011

The Hartford is once again returning to the catastrophe bond market with its latest issuance in the Foundation Re series of deals. Active in cat bond issuance since 2004 when it issued its first Foundation Re transaction, The Hartford has become a regular issuer of insurance-linked securities to provide it with multi-peril reinsurance protection. This […]

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Foundation Re III Ltd. cat bond upsized to $180m

News 24th January 2010

The Hartford’s upcoming catastrophe bond, Foundation Re III Ltd., has been upsized to $180m during the marketing phase. The notes have been well received by investors we hear and the Hartford is taking advantage of this to raise the deal from its initial size of $100m. Full details on Foundation Re III Ltd. are available […]

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Peak Re to acquire ILS manager Lutece

News 8th April 2020

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered global reinsurer that is majority backed by Fosun International, said this morning it has entered into a definitive agreement to acquire Bermuda-based insurance-linked securities (ILS) asset manager Lutece, which it will rename Peak Capital.

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