American International Group has issued $400 million of catastrophe bonds through its Tradewynd Re program.

In a press release issued Dec. 19, the insurance group said that the latest transaction provides indemnity reinsurance protection against U.S., Caribbean and Gulf of Mexico named storms, and U.S. and Canadian earthquakes.  Similar to Tradewynd Re Ltd.'s July 2013 catastrophe bond, this arrangement includes a diversified portfolio of commercial and consumer risks.  

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