Munich Re transfers US hurricane and European windstorm risks to the capital markets
Munich Re has acquired coverage for US hurricane and European windstorm risks with a total volume of $75m from the special purpose insurer Queen Street V Re Limited, which in turn has placed a catastrophe bond for this amount in the capital markets.
The transaction was structured and arranged by Munich Re. The catastrophe bond matures on 9 April 2015 and was issued by Queen Street V Re Limited, a Bermuda registered special purpose insurer.
The
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