Swiss Re Insurance-Linked Fund Management

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Oak Leaf Re Ltd. (Series 2011-1)

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Oak Leaf Re Ltd. (Series 2011-1) – At a glance:

  • Issuer: Oak Leaf Re Ltd. (Series 2011-1)
  • Cedent / sponsor: Southern Oak Insurance Company
  • Placement / structuring agent/s: Towers Watson Capital Markets arranged and placed the deal
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: U.S. hurricane
  • Size: $11.95m
  • Trigger type: Indemnity
  • Ratings: NR
  • Date of issue: Jul 2011
  • Artemis.bm news coverage: Articles discussing Oak Leaf Re Ltd. (Series 2011-1) from Artemis.bm

Oak Leaf Re Ltd. (Series 2011-1) – Full details:

This transaction saw Towers Watson Capital Markets assist a Florida insurance company to access the capital markets through a private cat bond placement for hurricane cover for the top layer of their program. It also provides sideways coverage under circumstances where the insurers third net retention is exhausted.

This is an indemnity based transaction and pays out base

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