As securities go, catastrophe bonds and insurance-linked securities are relatively short duration, with an average lifespan of three years. This means that while new issuance flows into the market there is a constant stream of transactions maturing, coming off risk and freeing up investor capital allowing it to be deployed into the new transactions. A number of cat bonds have either recently matured or are due to mature over the next few months.
Here’s a list of some recently matured catastrophe bonds along with some which mature over the next few months. At just over $1.6 billion it’s not a massive amount of capital to mature (compared to the quarterly maturities experienced last year) and with issuance in the primary cat bond market expected to keep flowing there should be plenty of opportunity for investors to redeploy this capital into new cat bond and ILS transactions.
As ever you can view full details of every catastrophe bond since the market began in our comprehensive Deal Directory.
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| Cat Bond | Sponsor | Size | Maturity |
|---|---|---|---|
| East Lane Re III Ltd. | Chubb | $150m | 16th March 2012 |
| Mystic Re II Ltd. | Liberty Mutual | $150m | 20th March 2012 |
| Eurus II Ltd. | Hannover Re | €150m | 6th April 2012 |
| Blue Fin Ltd. (Series 1) | Allianz | $290m | 10th April 2012 |
| Blue Fin Ltd. (Series 2) | Allianz | $180m | 16th April 2012 |
| Ibis Re Ltd. (Series 2009-1) | Assurant | $150m | 10th May 2012 |
| Residential Reinsurance 2009 Ltd. | USAA | $250m | 6th June 2012 |
| Calabash Re III Ltd. | ACE | $100m | 15th June 2012 |
| Ianus Capital Ltd. | Munich Re | €50m | June 2012 |
