Awards 2013: Deal of the year: GC Securities for MetroCat Re

In October last year, Hurricane Sandy devastated the east coast of the United States, causing billions of dollars’ worth of property damage and flooding vast swathes of New York City’s transport infrastructure.

The storm hit the city hard, and had an equally painful impact on reinsurance capacity the following renewals season. This caused problems for the Metropolitan Transportation Authority (MTA), the public entity responsible for maintaining the city’s extensive network of subways,

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