Alpha Terra Validus II

The recently completed $5 million Alpha Terra Validus II private catastrophe bond transaction is another step in the development of a Latin American insurance-linked securities (ILS) marketplace, according to the sponsor of the deal reinsurance firm Terra Brasis Resseguros S.A. (Terra Brasis Re).

The private catastrophe bond sponsored by Latin American reinsurance firm Terra Brasis Re and underwritten as well as invested in by AlphaCat Managers, the insurance and reinsurance linked investment unit of Validus Group, has been renewed for 2018, in a $5 million Alpha Terra Validus II transaction.