Great American to launch first cat bond


US property/casualty insurer Great American Insurance Group, a subsidiary of financial services firm American Financial Group, is set to use the insurance linked securities (ILS) markets for the first time with a $95 million deal that will offer coverage of named storms, earthquakes, severe thunderstorms and winter storms.

Great American Insurance, American Financial Group, ILS, Riverfront Re, Standard & Poor

Intelligent Insurer