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

21 May 2012

Vega, Nelson take ILS payouts near $700mn

6 September 2011

Two cat bond deals are set to pay out more than $40mn to their sponsors due to claims from the 2011 Japanese earthquake and 2008's Hurricane Ike.

Swiss Re has claimed $15.93mn from its Vega Capital 2010 cat bond, becoming the second security to pay out after March's Tohoku earthquake. Meanwhile, Glacier Re's Nelson Re Class G notes are set for a $26.6mn loss from Ike, which struck back in 2008.

The latest cat bond loss payments take total payouts...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue September 2011/1

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π