Mangrove Re Ltd.

The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.

Mangrove Re Ltd. – At a glance:

Issuer: Mangrove Re Ltd.
Cedent / sponsor: HomeWise Insurance Co.
Placement / structuring agent/s: Managed by Swiss Re
Risk modelling / calculation agents etc: ?
Risks / perils covered: U.S. hurricane
Size: $210m
Trigger type: Indemnity
Ratings: ?
Date of issue: May 2008

Mangrove Re Ltd. – Full details:

This is HomeWise Insurance Companies first catastrophe bond deal (structured as a principal at-risk variable rate note program).

It’s a one year deal covering Florida windstorms and designed to protect it’s direct property insurance portfolio in that region.

The deal has been structured in two tranches of notes, $150m class A and $60m class B, both tranches are due 5th June 2009.

The data used for catastrophe modelling this deal has been through the IMARCTM Data Review process and received an IMARCTM Data Score of 675 (Excellent).

Mangrove Re Ltd. has been admitted to the Cayman Islands stock exchange.

View all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

« Go back to the Catastrophe Bond Deal Directory

Help us keep this valuable catastrophe bond information resource up to date. If you have information on a catastrophe bond or insurance-linked security (ILS) transaction that we have not covered, or can see something that we should change, please contact us to let us know.

The Artemis Catastrophe Bond & Insurance-Linked Securities Deal Directory is copyright © Steve Evans Ltd. Reproduction or publication without permission is not permitted. Use of this information within a commercial product, or for profit, without a license is strictly prohibited. Contact us if you would like to use this content or to discuss licensing.

Mangrove Re Ltd.

Mangrove Re Ltd. – At a glance:

Mangrove Re Ltd. – Full details:

Related