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

21 May 2013

ILS market supply reversal forces down spreads

13 July 2012

ILS spreads continued to slide in early July as primary cat bond issuance dried up with the onset of the US hurricane season, enabling Munich Re's latest Queen Street offering to price below forecast guidance.

The spread on the $100mn Queen Street VI closed at 1035 basis points, down from its initial guidance of 1075-1150 points, according to sources.

Last month Trading Risk predicted that the tipping point for ILS spreads was already in sight after Traveler's Longpoint Re III...

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