Munich Re to expand size of cat bond up to $200 million

Munich Reinsurance Co. is looking to expand the size of the Queen Street XII Re dac 2016 catastrophe bond transaction from $100 million to $150--$200 million, reported Artemis.bm.

Price guidance for the cat bond has been lowered to below the initial guidance. The cat bond will provide Munich Re with protection against U.S. hurricanes and European windstorm risks on a per-occurrence basis over four seasonal risk periods for each peril.

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