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Munich Re to issue U.S. hurricane, Australian cyclone cat bond

Posted On: Dec. 8, 2015 12:00 AM CST

Munich Reinsurance Co. is issuing a new catastrophe bond Queen Street XI Re dac that will cover U.S. hurricane and Australian cyclones, reported

This is the reinsurer's second Queen Street cat bond issuance of 2015.

The cat bond coverage will be effective until mid-2019 and will provide Munich Re with a source of retrocessional reinsurance for three U.S. hurricane seasons and nearly four Australian cyclone seasons.

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