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

19 May 2012

Mariah downgrade spurs trading but depresses index

14 July 2011

The downgrade of the tornado-struck Mariah Re 2010-1 bond caused the cat bond pricing index to falter this month, but sparked trading in the notes as investors speculated on the likelihood of more tornadoes this year.

The Swiss Re global price return index stuttered down 0.126 percent to close at 92.93 at 1 July, bringing a halt to a four week recovery in the index since it hit a 52-week low of 92.39 in late May (see graph). Click to...

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