Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

Chartis plans $250mn US wind cat bond

28 April 2010

US insurer Chartis is marketing a $250mn US wind cat bond, Lodestone Re, which will take the volume of closed and pending ILS capacity in 2010 over the $1bn mark, if successful.

Bermuda-based special purpose vehicle Lodestone Re is the first ILS offering from Chartis subsidiary National Union Fire Insurance Company, which is American International Group's (AIG) commercial property and casualty insurer.

The two classes of notes will each offer $125mn of US wind cover to the insurer for a...

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