Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Cat bonds continue to purr; Liberty Mutual increases ILS size

16 March 2009

Chubb Corp and Liberty Mutual both renewed their US catastophe bonds last week, in moves that gave encouragement to the Lehman Brothers-affected insurance-linked securities (ILS) sector.

Chubb completed its $150mn East Lane Re III Florida wind bond last week while Liberty Mutual, faced with high investor demand, even increased the size of its Mystic Re II 2009 transaction.

The two deals together with SCOR's Atlas V - which last month broke a six-month drought for the ILS market - took...

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