ibis re ii ltd series 2012-1

Specialty insurance company Assurant Inc. have published a press release on the completion of their Ibis Re II Ltd. Series 2012-1 catastrophe bond this week. It’s Assurant’s third cat bond deal under an Ibis Re SPV. The latest deal which secured Assurant $130m of collateralized reinsurance coverage via a cat bond will replace some of […]

As we wrote yesterday, the Ibis Re II Ltd. Series 2012-1 catastrophe bond from sponsor Assurant has closed at an upsized $130m. This two tranche cat bond transaction, issued by Cayman Islands domiciled Ibis Re II, will provide sponsor Assurant with three years of U.S. hurricane cover on a per-occurrence, industry loss basis. This is […]

Two of the catastrophe bonds which are still being marketed to investors are likely to upsize before close according to sources in the investor community. Demand has been strong for both the latest cat bond from Assurant, Ibis Re II Ltd. Series 2012-1 and the return to the cat bond market from Zenkyoren with their […]

More details have emerged on the Ibis Re II Ltd. Series 2012-1 U.S. hurricane catastrophe bond, which is currently being marketed to investors, thanks to Standard & Poor’s preliminary rating report. We wrote about the transaction last week but had minimal details at the time, now much fuller information is publicly available.

The pipeline for new catastrophe bond issuance in 2012 is beginning to look very busy with deals launching in the last week and hoping to complete quickly.We know of three new transactions which are currently being marketed and hear of more which should launch soon, possibly by month end. The three transactions which are actively […]