NU Online News Service, Feb. 28, 1:15 p.m. EST

Munich Re says it established a $75 million catastrophe bond through the Bermuda-based special purpose insurer Queen Street V Re Ltd. for hurricane exposure in the United States and European windstorm.

The bond has a mature date of April 9, 2015 and a rating of "B-plus" from Standard & Poor's.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
Reinsurance