PRIME Capital Hurricane 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.

PRIME Capital Hurricane Ltd. - At a glance:

  • Issuer / SPV: PRIME Capital Hurricane Ltd.
  • Cedent / Sponsor: Munich Re
  • Placement / structuring agent/s: Lehman Re, Goldman Sachs and American Re Securities Corp.
  • Risk modelling / calculation agents etc: RMS
  • Risks / Perils covered: U.S. hurricane
  • Size: $165m
  • Trigger type: Parametric index
  • Ratings: S&P: 'BB+'
  • Date of issue: Jan 2001
  • Other coverage: Link to external coverage

PRIME Capital Hurricane Ltd. - Full details

Issued at the same time as the PRIME Capital CalQuake & Euro Wind Ltd. deal, this securitizes Munich Re’s exposures to hurricanes in Florida and New York.

The deals securities are linked to parametric triggers linked to information published by government and meteorological agencies.

In the Miami and New York areas the triggers are based on the central pressure of hurricanes making landfall along specified areas of coastline.

The placement has a three year term which began on January 1st.

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

Credit Suisse Insurance Linked Strategies
Twelve Capital