Catastrophe bonds

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Catastrophe Bonds

For many years we have used a wide range of financial market instruments such as catastrophe bonds and swaps to transfer risk to the capital markets. In view of the volatility of the available retrocession and reinsurance capacity and of the pricing cycle, we regard capital market solutions as viable options for covering insurance risks. In this business segment we arrange transactions on behalf of clients, actively invest in catastrophe bonds and sponsor our own securitizations.

The following table provides an overview of outstanding catastrophe bonds that Munich Re has arranged on behalf of clients/ issued for our own book.

  Transaction Issuance Date Maturity Date Volume Perils covered
For clients Bosphorus 2 Re Ltd. 08/2015 08/2018 USD 100m Turkey Earthquake
Azzurro Re I Limited 06/2015 01/2019 €  200m Italy Earthquake
World Bank CCRIF 06/2014 06/2017 USD 30m Caribbean Wind & Earthquake
Lion Re Ltd. 04/2014 04/2017 € 190m European Windstorm
VenTerra Re Ltd. 01/2014 01/2017 USD 250m Tropical Cyclones Australia / Earthquake USA
Bosphorus 1 Re Ltd. 04/2013 05/2016 USD 400m Earthquake Turkey
Tar Heel Re Ltd. 04/2013 05/2016 USD 500m Named storms (Tropical Cyclones)
Lakeside Re III Ltd. 12/2012 01/2016 USD 270m Earthquake North America
MultiCat Mexico Ltd. 10/2012 12/2015 USD 315m Mexico Earthquake & Wind
For Munich Re Queen Street X Re Ltd. 03/2015 06/2018 USD 100m Hurricane US & Cyclone Australia
Queen Street IX Re Ltd. 02/2014 06/2017 USD 100m Hurricane US & Cyclone Australia
Queen City Re Ltd. 12/2013 12/2016 USD 75m US named storms
Queen Street VIII Re Ltd. 06/2013 06/2016 USD 75m Hurricane US & Cyclone Australia
Queen Street VII Re Ltd. 10/2012 03/2016 USD 75m Hurricane US & Windstorm Europe

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