News & Analysis Results

Mystic Re III Ltd. closes successfully and notes listed on CSX

News 7th March 2012

Mystic Re III Ltd., the latest catastrophe bond sponsored by U.S. insurer Liberty Mutual, closed successfully at an upsized $275m and the notes from the transaction have been listed on the Cayman Islands Stock Exchange. The cat bond, which is Liberty Mutual’s fifth transaction, began life as a $150m deal with two tranches of $75m […]

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Mystic Re III Ltd. cat bond launched by Liberty Mutual

News 13th February 2012

U.S. insurer Liberty Mutual have launched their first catastrophe bond transaction since March 2009 (when they issued their last Mystic Re II deal), this will be their fifth catastrophe bond transaction. Liberty Mutual are seeking to secure a source of multi-year cat bond cover through a newly established Cayman Islands domiciled SPV, Mystic Re III […]

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Insurers, reinsurers and catastrophe bonds threatened by hurricane Isaac

News 29th August 2012

Hurricane Isaac has begun to come ashore in southeast Louisiana, read our latest article on the storms impacts and progress here. We’ve discussed the potential weather impacts extensively in that article but here we’re going to look at the potential reinsurance, insurance and also catastrophe bond impacts that could result from the first hurricane to […]

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Liberty Mutual: Insurance-linked securities market offered more value than traditional reinsurance

News 9th August 2012

Aon Benfield Securities recently published Q2 insurance-linked securities and catastrophe bond market report included an interview with Elaine Caprio Brady, Vice President and Manager of Ceded Reinsurance at Liberty Mutual Insurance. The interview discusses Liberty Mutual’s use of the insurance-linked securities market as they issued their most recent catastrophe bond, Mystic Re III Ltd. (Series […]

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Recent and upcoming catastrophe bond maturities

News 27th March 2012

As securities go, catastrophe bonds and insurance-linked securities are relatively short duration, with an average lifespan of three years. This means that while new issuance flows into the market there is a constant stream of transactions maturing, coming off risk and freeing up investor capital allowing it to be deployed into the new transactions. A […]

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Andrea Bellone joins Willis Capital Markets & Advisory as MD of European team

News 12th March 2012

Willis Capital Markets & Advisory (WCMA),  the division of global broker Willis Group which focuses on capital markets products such as insurance-linked securities and catastrophe bonds, as well as advising insurance and reinsurance companies on mergers & acquisitions have announced the appointment of Andrea Bellone as Managing Director of their European unit. Based in London, […]

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