Trinity Re 1999 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.

Trinity Re 1999 Ltd. - At a glance:

  • Issuer / SPV: Trinity Re 1999 Ltd.
  • Cedent / Sponsor: Centre Solutions (Bermuda)
  • Placement / structuring agent/s: Goldman Sachs, Chase, Donaldson Lufkin & Jenrette, Zurich Capital Markets.
  • Risk modelling / calculation agents etc: ?
  • Risks / Perils covered: Florida hurricanes
  • Size: $56.6m
  • Trigger type: Indemnity
  • Ratings: Moodys: Class A-1 - 'Aaa', Class A-2 - 'Ba3'
  • Date of issue: Dec 1998

Trinity Re 1999 Ltd. - Full details

This cat bond provides the cedent with retrocessional capacity for Florida hurricane risks.

$5 million of Class A-1 Floating Rate Defeasance Notes, and $51.6 million of Class A-2 Floating Rate Notes. Triggered when losses from a reinsurance contract with a Florida residential insurer reach a pre-determined level.

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