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Hartford’s Foundation III cat bond completed

29 January 2010

A catastrophe bond to provide The Hartford with protection against east and Gulf Coast US hurricanes has been completed.

Read more: [the hartford] [cat bond] [catastrophe bond] [foundation iii] [gc securities]

A $180m catastrophe bond to provide The Hartford with protection against east and Gulf Coast US hurricanes has been completed.

The single-class note issuance from Foundation Re III uses a state-weighted per occurrence PCS index trigger structure based on insured losses reported for...


Poll

How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
7%
$15bn-$30bn
12%
$30bn-$50bn
37%
$50bn-$75bn
32%
$75bn-$100bn
7%
>$100bn
5%