Free Trial Corporate Access
Reactions Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.


Liberty Mutual's $200m cat bond gets S&P rating

26 February 2009

US insurer Liberty Mutual's forthcoming cat bond, Mystic Re II, has been assigned a BB rating by Standard & Poor's.

Read more: liberty mutual S&P mystic Re II hurricane earthquake insurer cat bond

US insurer Liberty Mutual's forthcoming cat bond, Mystic Re II, has been assigned a BB rating by Standard & Poor's.

The $200m of Series 2009-1 notes will cover US hurricane and earthquake losses above a weighted insured industry loss trigger level of $50bn, with an exhaustion point of $55bn. The term of the cover is three years.

The risk modelling for the deal is based on AIR's 2008 US hurricane and earthquake models.

Mystic Re II is the successor to Mystic Re, a $200m cat bond issued in 2006.


Enjoyed this article?

Read more of Reactions coverage with
a 7 DAY FREE TRIAL.


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

17 Dec 2014

In this week's Reactions the Review
RSA restructures organisation
Aviation exposures to exceed $1trn by 2020
Why Tria authorisation failed in the Senate
Final stretch for India Insurance Bill

http://www.reactionsnet.com/pdf/theReview/ReactionsIssue25.3.pdf
View this issue

For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.