Nelson 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.

Nelson Re Ltd. - At a glance:

  • Issuer / SPV: Nelson Re Ltd.
  • Cedent / Sponsor: Glacier Reinsurance
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / Perils covered: U.S. hurricane, U.S. earthquake, European windstorm
  • Size: $75m
  • Trigger type: Multiple trigger types
  • Ratings: S&P: 'B'
  • Date of issue: Jun 2007
  • Artemis.bm news coverage: Articles discussing Nelson Re Ltd. from Artemis.bm

Nelson Re Ltd. - Full details

Nelson Re is a newly formed Cayman Islands exempted insurance company, set up by Glacier Re as the issuer of catastrophe bonds under a $1.5bn catastrophe bonds shelf programme.

The first issuance of the Series 2007-I Notes has been capitalised by raising $75 million in the form of bonds from a group of institutional investors. The bonds have been rated “B” by Standard & Poor’s Rating Services and “b-“ by A.M. Best Company.

Nelson Re has entered into a reinsurance agreement with Glacier Re under which it will provide fully collateralised reinsurance protection.

The reinsurance agreement will initially provide Glacier Re with excess of loss protection for three major perils: US Earthquake, US Windstorm and Europe Windstorm. Glacier Re and Nelson Re may enter into reinsurance agreements covering other perils in the future.




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