Insight and Intelligence on the London & International Insurance Markets

18 May 2012

Search archive

Other articles of interest
Meteorologists warn of first signs of Atlantic storms
(Re)insurers braced for active hurricane season
Citizens welcomes cat bond diversity but will up traditional spend
North Carolina cat bond to bring 2010 issuance to $850mn
Cat bond trio to launch

American Mutual claims on tornado-struck cat bond

8 November 2011

Investors in the top-lying tranche of the Mariah Re tornado cat bonds have lost more than 10 percent of their capital after a total loss on the lower-lying bond.

American Family Mutual is set to claim at least $111.6mn back from investors in two $100mn Mariah Re bonds after a brutal season of tornado losses, according to the latest figures from loss aggregator Property Claims Services (PCS) and reported by Standard & Poor's (S&P).

The lower-lying unrated Mariah Re 2010-2...

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 November 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