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Travelers completes $500m cat bond
23 December 2009
US insurer The Travelers Companies has completed a $500m catastrophe bond deal to protect it against hurricanes in the north-east US.
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US insurer The Travelers Companies has completed a $500m catastrophe bond deal to protect it against hurricanes in the north-east US.
Travelers entered into two reinsurance agreements with Longpoint Re II, a newly formed Cayman Islands insurance company, each providing up to $250m of reinsurance from losses resulting from certain hurricane events in...
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