Risk Management Solutions has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe risk relating to securities issued by Fremantle Ltd, a Cayman Islands SPV [Special Purpose Vehicle – aka sidecar]. The, securities …
Newark, Calif.-based Risk Management Solutions (RMS), a risk modeling company, has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe risk. Fremantle Ltd, based in the Cayman Islands, will provide $200 million of …
Nephila Capital Ltd., a Bermuda-based investment manager specializing in catastrophe reinsurance and weather risk, announced the closing of its new investment vehicle, Gamut Reinsurance Ltd. Gamut Re, which is domiciled in the Cayman Islands, “raised $310 million in a 144A …
Standard & Poor’s Ratings Services has assigned its “B” senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …
A.M. Best Co. confirmed that the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Cayman Islands-based Greenlight Reinsurance Ltd. will remain unchanged following the closing of its initial public offering and private sale on …
Standard & Poor’s Ratings Services has assigned senior secured debt ratings to five classes of variable rate notes issued by Residential Reinsurance 2007 Ltd. (Res Re 2007) as follows: — $145 million Class 1 Series 2007-1 variable-rate notes due June …
The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional insurer, and they are going to be looking for somewhere to put that cash to work. Mergers and …
The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional carrier, and they are going to be looking for somewhere to put that cash to work. Mergers and …
Standard & Poor’s Ratings Services has assigned the following bank loan ratings to Emerson Reinsurance Co. Ltd.’s proposed four bank loans totaling $550 million: — Loan A ($185 million, maximum modeled probability of attachment 0.7 of basis point; (bp) rated …
Munich Re will lead a syndicate – the “Caribbean Catastrophe Risk Insurance Facility” (CCRIF), set up to offer 16 countries in the Caribbean insurance cover against hurricanes and earthquakes. The syndicate officially opens for business today, June 1. Munich Re …
