Munich Re's Queen Street XII Re 2016 cat bond set to complete at $190 million
Posted On: May. 17, 2016 12:00 AM CSTMunich Reinsurance Co.'s Queen Street XII Re dac 2016 catastrophe bond is set to complete at $190 million in size, reported Artemis.bm.
Munich Re is set to secure its largest source of cat bond investor backed retrocessional reinsurance with the latest transaction.
Price guidance for the cat bond has been now fixed at 5.25%.
The cat bond was launched with Munich Re seeking $100 million protection against losses from two covered perils on a per-occurrence basis over four seasonal risk periods for each peril.