Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Bermuda: Tar Heel Re issues $500 million of Series 2013-1 notes

April 12, 2013 Reprints

Bermudian special purpose insurer Tar Heel Re Ltd. has issued $500 million of Series 2013-1 notes, the latest major catastrophe bond listed on the Bermuda Stock Exchange, reports The Royal Gazette.

The notes, assigned a 'B+' rating by Standard & Poor's Corp., cover losses from hurricanes in North Carolina. Their sponsors include the North Carolina Insurance Underwriters Association and the North Carolina Joint Underwriters Association.

Help

Bermuda: Tar Heel Re issues $500 million of Series 2013-1 notes

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources