GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of the Series 2013-1 Notes, with notional principal at $400,000,000, through a newly formed catastrophe bond shelf program, Bosphorus 1 Re Ltd., to benefit the Turkish Catastrophe Insurance Pool (TCIP). This is the first time that the TCIP has ... Continue Reading »
Chi Hum
GC Securities* Completes Catastrophe Bond Tar Heel Re Ltd. Series 2013-1 Notes
GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of the Series 2013-1 Notes, with notional principal at $500,000,000, through a newly formed catastrophe bond shelf program, Tar Heel Re Ltd., to benefit the North Carolina Joint Underwriting Association and the North Carolina Insurance ... Continue Reading »
GC Securities* Completes Long Point Re III Ltd. Catastrophe Bond On Behalf of Travelers
GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of USD250 million Principal At-Risk Variable Rate Notes ("Series 2012-1 Notes") through catastrophe bond issuer Long Point Re III Ltd. ... Continue Reading »
GC Securities:* Catastrophe Bond Issuance Tops USD1.3 Billion in Q1 2012
The first quarter of 2012 was the most active first quarter on record for the global catastrophe bond market, according to GC Securities. During the quarter, a total of USD1.34 billion of risk capital was issued through eight transactions, exceeding last year's record of USD1.02 billion for the same time period. ... Continue Reading »
GC Securities* Completes Blue Danube Ltd. Catastrophe Bond On Behalf of Allianz
GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of USD240 million Principal At-Risk Variable Rate Notes ("Series 2012-1 Notes") through catastrophe bond issuer Blue Danube Ltd. ... Continue Reading »
GC Securities* Completes Catastrophe Bond Queen Street V Re Limited on behalf of Munich Re
GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of USD75 million Principal At-Risk Variable Rate Notes ("Notes") through catastrophe bond issuer Queen Street V Re Limited. ... Continue Reading »
GC Securities* Completes Japan Earthquake Catastrophe Bond
GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of the Series 2012-1 Class A Notes, with notional principal at $300 million, through a newly created catastrophe bond shelf program, Kibou Ltd. The bond will ultimately benefit ZENKYOREN, National Mutual Insurance Federation of Agricultural ... Continue Reading »
GC Securities* Catastrophe Bond Market Update: Third Quarter 2011, Part II
Industry Loss Warranties (ILW) Consistent with seasonal trading patterns, ILW activity tailed off in the third quarter relative to pre-U.S. wind season levels. Prices were driven down by increased available capacity (from sellers looking to take advantage of price increases available at the conclusion of the first quarter) and a demand reduction from protection buyers as the ... Continue Reading »
GC Securities* Catastrophe Bond Market Update: Third Quarter 2011, Part I
Diversifying Peril Issuance and Continued Net New Inflows Sustain Capital Markets as a Consistent Capacity Source; Significant Forward Pipeline Exists The third quarter 2011 was one of the most active on record, as the catastrophe bond market responded to investor demand for additional investment opportunities, particularly for diversifying peril transactions. Three ... Continue Reading »
Catastrophe Bond Demand Remains Robust during Third Quarter 2011, Finds GC Securities*
The third quarter of 2011 was one of the most active on record for the catastrophe bond market, according to a new update from GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, a provider of investment banking services to the re/insurance industry and affiliate of Guy Carpenter & Company, LLC. ... Continue Reading »
