East Lane 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.

East Lane Re Ltd. - At a glance:

  • Issuer / SPV:East Lane Re Ltd.
  • Cedent / Sponsor:Chubb Group
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: AIR Worldwide
  • Risks / Perils covered: U.S. hurricane
  • Size: $250m
  • Trigger type: Indemnity
  • Ratings: S&P: Class A - 'BB+', Class B - 'BB+'
  • Date of issue: Apr 2007

East Lane Re Ltd. - Full details

Under the reinsurance agreements, the issuer will provide the ceding insurer with up to $250 million of aggregate indemnity protection over a four year period beginning May 1, 2007, when losses covering residential property caused by individual northeast hurricanes meet or exceed a pre-established attachment point.

In exchange for receiving the multi-year reinsurance coverage, the ceding insurer will make periodic premium payments to the issuer.

The reinsurance attachment point, exhaustion point, layer and insurance percentage (collectively, the reset output) will be re-calculated on November 1 of 2007, 2008 and 2009, using updated portfolio data as of September 1 of 2007, 2008 and 2009.




Go back to the Catastrophe Bond Deal Directory

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.














Jardine Lloyd Thompson Capital Markets