Premium tumbles on Munich Re cat bond

Munich Re benefited from strong investor demand on the cat bond
market as it was able to cut the premium on its latest deal by 12.5
percent during the marketing process, sister publication
Trading Risk reported last week.
The reinsurer is expected to close its latest Queen Street cat
bond at $190mn, above its initial $100mn target and significantly
larger than its typical $75mn-$100mn deal size.
The insurance premium on the deal came in at 5.25 percent, below
the 5.75...