ibis re ii ltd

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Assurant may look to cat bonds and collateralized reinsurance again

U.S. specialty insurance group Assurant has been an end-user of capital markets third-party backed reinsurance capacity for some time, through its catastrophe bonds and use of collateralized coverage. In 2014 Assurant may look to the capital markets again.After its mid-year 2013 reinsurance renewals had been completed Assurant said that catastrophe read the full article →

Ibis Re II 2013-1 catastrophe bond receives ratings and lists

U.S. specialty insurance group Assurant has now successfully completed its fourth catastrophe bond with the $185m Ibis Re II Ltd. (Series 2013-1) deal. The completion of the deal has secured Assurant subsidiaries a multi-year source of collateralized U.S. hurricane reinsurance protection.The Ibis Re II 2013-1 cat bond provides three-year, fully-collateralized read the full article →

Ibis Re II Ltd. catastrophe bond rated and closes

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, read the full article →

Further details on the Ibis Re II Ltd. catastrophe bond

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 read the full article →