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

17 December 2017

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Validus Re launches $325mn cat bond

7 December 2017

Validus Re is seeking to raise $325mn from its first cat bond, an annual aggregate deal called Tailwind Re, Trading Risk understands.

The industry loss bond will cover named storms and earthquakes in the US with the addition of Puerto Rico, the US Virgin Islands and Canada.

It would cover the group's subsidiaries Talbot and Western World but not AlphaCat.

This comes after Validus Group drew down significantly on its retrocession programme following the third quarter losses.

Validus Group reported...


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