Free Trial

Reactions Copying and distributing are prohibited without permission of the publisher

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.

Read more: travelers cat bond longpoint re ii longpoint re

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...


  • Philippines Earthquake Mw 6.7 06 Feb 2012 - On Monday, 6 February a magnitude Mw 6.7 (regional moment magnitude) earthquake ...
  • Queensland Floods 06 Feb 2012 - Monsoonal rains since mid-January have resulted in flooding in northeast Australia, affecting ...
  • Peru Earthquake Mw6.3 30 Jan 2012 - Updated 1 February. On Monday, 30 January a magnitude Mw6.3 (regional moment ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
50%
$4bn-$5bn
25%
$5bn-$6bn
12%
$6bn-$7bn
12%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield