Informa Insurance News 24
NEWS IN BRIEF
AIG's Chartis... has obtained $575m in protection against US hurricanes and earthquakes through the issuance of three catastrophe bonds that mature in 2015, Bloomberg has reported. The issuances included two $250m tranches that pay 11.25 and 10.25 percentage points above three-month US Treasury bills and a $75m tranche that pays 9 points above three-month T-bills.