PennUnion Re News

2015 Cat Bond Activity Down Slightly from Record Levels in 2014: GC Securities

While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at year-end were only slightly lower than the all-time high levels reported in 2014, according to GC Securities, a division of …

Amtrak Sponsors $275M Cat Bond for Northeast Storm Surge, Wind, Quake

Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC Securities, the capital markets arm of reinsurance broker Guy Carpenter, announced …