Gamut Re Ltd.

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Gamut Re Ltd. - At a glance:

• Issuer / SPV: Gamut Re Ltd.
• Cedent / Sponsor: Nephila Capital
• Placement / structuring agent/s: Underwritten by Goldman Sachs and Swiss Re Capital Markets
• Risk modelling / calculation agents etc: AIR Worldwide
• Risks / Perils covered: Multi peril
• Size: $310m
• Trigger type: Indemnity
• Ratings: ?
• Date of issue: Jun 2007
• Other coverage: Link to external coverage

Gamut Re Ltd. - Full details

Gamut Re is a sidecar type vehicle which can “participate in the property catastrophe reinsurance and catastrophe bond markets until the end of 2009,” the statement added.

“The funds raised by Gamut Re will be used to source a diversified portfolio of natural catastrophe risks which will be managed using collateralised debt obligation (CDO) technology. Its unique structure leverages the resources of Nephila Capital’s expertise in the catastrophe bond, industry loss warranty, and reinsurance markets.”