Liberty Mutual in new notes transaction

  • Capital markets: Liberty Mutual has completed a new Limestone Re transaction

    Capital markets: Liberty Mutual has completed a new Limestone Re transaction

Liberty Mutual has completed a new transaction utilising the Limestone Re capital markets platform that provides approximately $150 million of collateralised reinsurance capacity for its US property catastrophe programme, as well as its US. homeowners and global property reinsurance businesses.

The transaction is comprised of $58 million of Bermuda Stock Exchange listed 2019-1 Notes issued by Limestone Re Ltd., a Bermudian-domiciled segregated account company, with the remainder of the capacity provided via private placements.

James Slaughter, senior vice-president and chief underwriting officer of Liberty Mutual’s Global Risk Solutions strategic business unit., said: “The Limestone Re platform continues to be an integral component of Liberty Mutual’s strategy for accessing third-party capital.

“Liberty Mutual’s global reach makes us uniquely positioned to provide insurance-linked securities investors diversified pools of risk while bringing them as close as possible to the underlying insurance risks.”

According to Arno Gartzke, vice-president and director of ILS at Liberty Mutual, the transaction successfully replaced the expiring Limestone Re 2016-1 placement. He said: “Liberty Mutual remains committed to the ILS market and the continued support from our key partners, despite challenging market conditions, reaffirms the quality of risks which investors can access via Limestone Re.”

You must be registered or signed-in to post comment or to vote.

Published Jan 8, 2019 at 6:28 pm (Updated Jan 8, 2019 at 6:28 pm)

Liberty Mutual in new notes transaction

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries

    eMoo Posts