Cayman Islands-based Greenlight Capital Re, Ltd. announced the completion of its initial public offering of 11,787,500 Class A Ordinary Shares including 1,537,500 Class A Ordinary Shares sold pursuant to the underwriters’ exercise of their over-allotment option (See IJ web site …
Cayman Islands-based reinsurer Greenlight Capital Re, Ltd. officially launched its initial public offering of 10,250,000 Class A Ordinary Shares priced at $19.00 per share. Substantially all of the net proceeds of the IPO will be used to “increase the underwriting …
Risk Management Solutions has designed the trigger mechanism and performed the risk analysis for a parametric securitization of typhoon risk in Japan. Issued by Akibare Ltd., a Cayman Islands special purpose vehicle (SPV), the securities provide $120 million of five-year, …
The Travelers Companies Inc. has set up a multi-year catastrophe bond program to provide reinsurance protection for its insurance subsidiaries for losses resulting from hurricanes and certain other catastrophes in the U.S. Travelers may obtain reinsurance under the program by …
The Travelers Companies, Inc. has set up a multi-year catastrophe bond program to provide reinsurance protection for its insurance subsidiaries for losses resulting from hurricanes and certain other catastrophes in the U.S. Travelers may obtain reinsurance under the program by …
Standard & Poor’s Ratings Services has assigned its ‘BB+’ senior secured debt rating to the $90 million series 1 class A principal at-risk variable-rate notes and the $30 million series 1 class B principal at-risk variable-rate notes issued under the …
Standard & Poor’s Ratings Services has assigned its “BBB-” preferred stock rating to Delphi Financial Group Inc.’s proposed $150 million, junior subordinated deferrable interest debentures with a scheduled maturity in 2037 and a final maturity in 2067. A.M. Best Co. …
Standard & Poor’s Ratings Services has assigned a “BBB+” rating to RenRe sidecar – Starbound Re II Ltd’s.proposed bank loans. Starbound II is a limited-life, special-purpose Class-3 reinsurance company, domiciled in Bermuda and set up specifically to provide additional capacity …
Marsh UK announced that business interruption specialist Josephine Joseph has joined the broker’s European Forensic Accounting and Claims Services (FACS). She joins FACS from Matson, Driscoll & Damico UK LLP, where she specialized in loss of profits claims, stock loss …
Standard & Poor’s Ratings Services has assigned its “A” rating to Chubb Corp.’s $800 million, 30-year senior debt drawdown from its universal shelf filing dated March 26, 2007. A.M. Best Co. has assigned a debt rating of “aa-” to the …
