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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 Johnston Re Ltd. 05/2011 05/2014 USD 202m Hurricane US
Shore Re Ltd. 07/2010 07/2013 USD 96m Hurricane US
Johnston Re Ltd. 05/2010 05/2013 USD 305m Hurricane US
Lakeside Re II Ltd. 12/2009 01/2013 USD 225m Earthquake California
Midori Ltd. 10/2007 10/2012 USD 260m Earthquake Japan
For clients & Munich Re Ianus Capital Ltd. 06/2009 06/2012 EUR 50m Windstorm Europe & Earthquake Turkey
For Munich Re Queen Street V Re Ltd. 02/2012 04/2015 USD 75m Hurricane US & Windstorm Europe
Queen Street IV Capital Ltd. 10/2011 04/2015 USD 100m Hurricane US & Windstorm Europe
Queen Street III Capital Ltd. 07/2011 07/2014 USD 150m Windstorm Europe
Queen Street II Capital Ltd. 03/2011 03/2014 USD 100m Hurricane US & Windstorm Europe
EOS Wind Ltd. 05/2010 05/2014 USD 80m Hurricane US & Windstorm Europe
Nathan Ltd. 02/2008 01/2013 USD 100m Extreme mortality