Newton 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.

Newton Re Ltd. - At a glance:

• Issuer / SPV: Newton Re Ltd.
• Cedent / Sponsor: Catlin
• Placement / structuring agent/s: JP Morgan and Aon Capital Markets lead the deal
• Risk modelling / calculation agents etc: ?
• Risks / Perils covered: U.S. hurricane, U.S. earthquake
• Size: $225m
• Trigger type: Industry loss index
• Ratings: S&P: Class A - 'BB+', Class B - 'BB+'
• Date of issue: Dec 2007

Newton Re Ltd. - Full details

The transaction provides Catlin with “competitively priced and fully collateralized protection amounting to $87.5 million in the event of a severe US earthquake and $137.5 million in the event of a severe US hurricane. The coverage complements the catastrophe protection that Catlin purchases through the commercial reinsurance market as well as the three-year catastrophe swap agreement that Catlin Bermuda completed in November 2006”.

The Class A Notes of $87.5 million, are exposed to earthquake events, the Class B Notes of US$137.5 million, are exposed to US hurricane events.