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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.
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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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