Search
Close this search box.

Travelers pleased with execution of latest cat bond: CFO Frey

US property & casualty insurance giant The Travelers Companies was “pleased” with the reception its latest catastrophe bond received in the market, as it increased the amount of reinsurance cover it has from capital market cat bond investors during its latest renewal.

Travelers secured $575 million of multi-year collateralized property catastrophe reinsurance with the Long Point Re IV Ltd. (Series 2022-1) issuance that came to market in advance of the renewals towards the end of May.

The company has been utilising Longpoint or Long Point branded catastrophe bonds as a way to access reinsurance protection from the capital markets since at least 2007, returning each few years to renew the multi-year protection these cat bonds offer the insurer.

FULL ORIGINAL PUBLICATION HERE

This section is reserved for prospective online registration/payment option

Skip to content