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

4 February 2012

The Hartford kick-starts 2010 with $100mn cat bond

18 January 2010

US primary insurer The Hartford has launched $100mn Foundation Re III - its third transaction in the Foundation series and the first ILS of 2010, Trading Risk can reveal.

If successful, the bond - which is being marketed in roadshows by Goldman Sachs and GC Securities this week - will offer The Hartford three-year cover for US nationwide wind losses.

Foundation Re III has an expected loss of 86 basis points (bps) and the target pricing for the $100mn notes...

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