BSX lists another $290m in cat bonds
Catastrophe bonds worth almost $290 million have been admitted for listing on the Bermuda Stock Exchange in the past few days.
Citrus Re Ltd listed a $125 million catastrophe bond yesterday. The Series 2017-1 Class A principal at-risk variable rate notes are due in March 2020.
The cedent is Heritage Property and Casualty Insurance Company, and the risk covered is US named storms in Florida, Georgia and the Carolinas.
On Friday, Buffalo Re Ltd listed a number of principal at-risk variable rate notes. The website Artemis.bm reported that the bonds were sponsored by Lloyd’s of London ICAT Syndicate 4242.
The bonds cover US named storms and US earthquakes.
Buffalo Re’s issuance is $105 million of Series 2017-1 Class A notes, and $59.5 million of Series 2017-1 Class B. The notes are due in April 2020.
A mother’s desperate benefits plea
DeSilva’s construction firm in legal battle
Greymane aims to build on first 25 years
Alleged robber freed on $4,000 bail
Senators expected to debate pension changes
New acting principal at Clearwater
Take Our Poll
- What sport do you most prefer to read about in the RG?
- Boxing/Martial Arts
- Rugby Union
- Total Votes: 3826
- Poll Archive