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New York's Metropolitan Transportation Authority (MTA), the biggest transportation network in North America, is selling a $125 million catastrophe bond designed to cover the costs of damage from a future storm or hurricane.
Investors in niche financial bonds that cover insurers against huge natural disasters are on alert for future events that could force them to pay out after the powerful tornado that struck the U.S. on Monday, brokers and fund managers said.
Investors in niche financial bonds that cover insurers against huge natural disasters are on alert for future events that could force them to pay out after the powerful tornado that struck the U.S. on Monday, brokers and fund managers said.
Allstate, the largest publicly traded U.S home and auto insurer, has returned to the catastrophe bond market with a $250 million offering, five years after investors lost millions of dollars on a previous issue due to the collapse of Lehman Brothers.
Munich Re has sold a $500 million catastrophe bond to protect two North Carolina underwriting associations against hurricane losses, as insurers increasingly choose to cover risks with bonds rather than buying traditional reinsurance.
Munich Re has sold a $500 million catastrophe bond to protect two North Carolina underwriting associations against hurricane losses, as insurers increasingly choose to cover risks with bonds rather than buying traditional reinsurance.
Strong demand for a $270 million catastrophe bond allowed its issuer, U.S. Nationwide Mutual Insurance Co, to price it more cheaply than expected, leaving investors looking for a higher return from future issues.
Strong demand for a $270 million catastrophe bond allowed its issuer, U.S. Nationwide Mutual Insurance Co, to price it more cheaply than expected, leaving investors looking for a higher return from future issues.
Munich Re is marketing a new catastrophe bond through a special purpose vehicle set up to protect two North Carolina underwriting associations against $200 million of hurricane losses in the region.
U.S. insurer Nationwide Mutual Insurance Company is seeking to raise $200 million protection for hurricanes and earthquakes in the United States by selling a catastrophe bond through Cayman Islands-based vehicle Caelus Re.
{ "author": { "name": "Sarah Mortimer Reuters", "webUrl": "/author/profile/sarah-mortimer-reuters/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 45, "social": [], "articles": [ { "uri": "/2013/07/15/new-yorks-transit-authority-to-sell-125m-catastrop/", "title": "New York's Transit Authority to Sell $125M Catastrophe Bond", "byline": " Sarah Mortimer, Reuters ", "kicker": "News", "prettyDate": "July 15, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "New York's Metropolitan Transportation Authority (MTA), the biggest transportation network in North America, is selling a $125 million catastrophe bond designed to cover the costs of damage from a future storm or hurricane.", "body": null }, { "uri": "/2013/05/21/cat-bond-investors-on-alert-after-oklahoma-twister/", "title": "Cat Bond Investors on Alert After Oklahoma Twister", "byline": "Sarah Mortimer, Reuters", "kicker": "News", "prettyDate": "May 21, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Investors in niche financial bonds that cover insurers against huge natural disasters are on alert for future events that could force them to pay out after the powerful tornado that struck the U.S. on Monday, brokers and fund managers said.", "body": null }, { "uri": "/2013/05/21/cat-bond-investors-on-alert-after-oklahoma-twister/", "title": "Cat Bond Investors on Alert After Oklahoma Twister", "byline": " Sarah Mortimer, Reuters ", "kicker": "News", "prettyDate": "May 21, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Investors in niche financial bonds that cover insurers against huge natural disasters are on alert for future events that could force them to pay out after the powerful tornado that struck the U.S. on Monday, brokers and fund managers said.", "body": null }, { "uri": "/2013/04/22/allstate-returns-to-cat-bond-market-with-250m-issu/", "title": "Allstate Returns to Cat Bond Market with $250M Issue", "byline": " Sarah Mortimer, Reuters ", "kicker": "News", "prettyDate": "April 22, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Allstate, the largest publicly traded U.S home and auto insurer, has returned to the catastrophe bond market with a $250 million offering, five years after investors lost millions of dollars on a previous issue due to the collapse of Lehman Brothers.", "body": null }, { "uri": "/2013/04/17/munich-re-sells-500m-bond-to-protect-north-carolina/", "title": "Munich Re Sells $500M Bond to Protect North Carolina", "byline": "Sarah Mortimer, Reuters", "kicker": "News", "prettyDate": "April 17, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Munich Re has sold a $500 million catastrophe bond to protect two North Carolina underwriting associations against hurricane losses, as insurers increasingly choose to cover risks with bonds rather than buying traditional reinsurance.", "body": null }, { "uri": "/2013/04/17/munich-re-sells-500m-bond-to-protect-north-carolin/", "title": "Munich Re Sells $500M Bond to Protect North Carolina", "byline": " Sarah Mortimer, Reuters ", "kicker": "News", "prettyDate": "April 17, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Munich Re has sold a $500 million catastrophe bond to protect two North Carolina underwriting associations against hurricane losses, as insurers increasingly choose to cover risks with bonds rather than buying traditional reinsurance.", "body": null }, { "uri": "/2013/03/11/cat-bond-prices-seen-rising-after-nationwide-mutua/", "title": "Cat Bond Prices Seen Rising After Nationwide Mutual Deal", "byline": " Sarah Mortimer, Reuters ", "kicker": "News", "prettyDate": "March 11, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Strong demand for a $270 million catastrophe bond allowed its issuer, U.S. Nationwide Mutual Insurance Co, to price it more cheaply than expected, leaving investors looking for a higher return from future issues.", "body": null }, { "uri": "/2013/03/11/cat-bond-prices-seen-rising-after-nationwide-mutual-deal/", "title": "Cat Bond Prices Seen Rising After Nationwide Mutual Deal", "byline": "Sarah Mortimer, Reuters", "kicker": "News", "prettyDate": "March 11, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Strong demand for a $270 million catastrophe bond allowed its issuer, U.S. Nationwide Mutual Insurance Co, to price it more cheaply than expected, leaving investors looking for a higher return from future issues.", "body": null }, { "uri": "/2013/03/07/munich-re-launches-cat-bond-for-north-carolina-ass/", "title": "Munich Re Launches Cat Bond for North Carolina Associations", "byline": " Sarah Mortimer, Reuters ", "kicker": "News", "prettyDate": "March 07, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Munich Re is marketing a new catastrophe bond through a special purpose vehicle set up to protect two North Carolina underwriting associations against $200 million of hurricane losses in the region.", "body": null }, { "uri": "/2013/02/20/nationwide-brings-third-cat-bond-to-market/", "title": "Nationwide Brings Third Cat Bond to Market", "byline": " Sarah Mortimer, Reuters ", "kicker": "News", "prettyDate": "February 20, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/sarah-mortimer-reuters/", "name": "Sarah Mortimer, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "U.S. insurer Nationwide Mutual Insurance Company is seeking to raise $200 million protection for hurricanes and earthquakes in the United States by selling a catastrophe bond through Cayman Islands-based vehicle Caelus Re.", "body": null } ] } }
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