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Munich Re launches $100m cat bond

Hurricane Irene

Munich Re has a $100m catastrophe bond to cover US hurricane and European windstorm risks.

The cat bond matures on 9 April 2015 and was issued by special-purpose vehicle Queen Street IV Capital, which is registered in Ireland, while the risk modelling was developed by AIR Worldwide.

The bond

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Paul Morden, Munich Re

Paul Morden, CEO of Munich Re UK’s branch is responsible for shaping and delivering reinsurance strategy across the UK and Ireland.

Jason Richards, Swiss Re

As CEO for UK & Ireland at Swiss Re, Jason Richards sits at the centre of one of the most influential reinsurance platforms in the London market, shaping how insurers respond to an increasingly volatile and complex risk environment.

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