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Cat bond issued for Massachusetts pool

09 July 2010

German reinsurance firm Munich Re has completed a catastrophe bond on behalf of the Massachusetts Property Insurance Underwriting Association.

Read more: Massachusetts Property Insurance Underwriting Association munich re cat bond catastrophe bond

German reinsurance firm Munich Re has completed a catastrophe bond on behalf of the Massachusetts Property Insurance Underwriting Association (MPIUA). The $96m cat bond issuance transfers hurricane risk in Massachusetts to the capital markets.

The deal was first revealed by Reactions on June 14.

Munich Re acted...


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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
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
More than $7bn
0%