Kane SAC Limited (Series 2015-1)

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.

Kane SAC Limited (Series 2015-1) - At a glance:

  • Issuer / SPV: Kane SAC Limited (Series 2015-1)
  • Cedent / Sponsor: Unknown
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / Perils covered: ?
  • Size: $50.2m
  • Trigger type: ?
  • Ratings: NR
  • Date of issue: Feb 2015

Kane SAC Limited (Series 2015-1) - Full details

The Kane SAC Limited Note Program has facilitated another private catastrophe bond issuance, with the issuance of a $50.2m 2015-1 series of insurance-linked notes that have also been listed on the Bermuda Stock Exchange (BSX).

The $50.2m of notes have been issued using a Kane SAC Limited Series 1-2015 Segregated Account. The notes have been listed on the BSX as insurance related securities, and have a due date of 7th April 2016.

This looks like it might be a renewal of the $50.12m Kane SAC Limited issuance that came to market just over a year ago. That transaction, a U.S. earthquake linked indemnity private cat bond, also had a due date of 7th April.

We don’t have any details on the perils at risk from the underlying reinsurance contract in this Kane SAC Limited (Series 2015-1) issuance, or the trigger type at this time. We will update you should that information become available.




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