Insight and Intelligence on the London & International Insurance Markets

17 May 2012

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Other articles of interest
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Another cat bond upsizes despite 'prohibitive' ILS pricing

22 May 2009

US military mutual USAA's thirteenth cat bond, Residential Re 2009, became the latest insurance linked security (ILS) to increase in size this year apparently confounding market wisdom that high yield expectations from investors is deterring issuance.

Keen investor interest to Residential Re 2009 following Swiss Re's Successor II, Allianz's Blue Fin and Liberty Mutual's Mystic Re II 2009 (see table) by increasing from its original target size. Residential Re 2009's original target was $150mn, which increased to $240mn in marketing...

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