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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...


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

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
0%
$4bn-$5bn
0%
$5bn-$6bn
100%
$6bn-$7bn
0%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield