The Metropolitan Transportation Authority, which suffered $4.8 billion in damage from Superstorm Sandy last year, obtained $200 million of protection with bonds designed to guard against wreckage linked to storm surges.New York City’s subway operator is paying less than the …
Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has issued it latest report – The Insurance-Linked Securities Second Quarter 2013 Update – which notes that “13 catastrophe bonds closed during the period, …
The Metropolitan Transportation Authority plans to use bonds designed to help New York City’s subway operator guard against storm surge damage after suffering $4.8 billion in wreckage from Hurricane Sandy.The largest U.S. transit agency will buy protection from MetroCat Re …
It was a traditionally active fourth quarter for cat bond issuance stayed in 2011, according to the Insurance-Linked Securities Market Update from Willis Capital Markets & Advisory. The quarter saw nine new non-life issues brought to market, totaling $2 billion …
