Laetere Re Ltd. (Series 2016-1)

The recently completed Laetere Re Ltd. (Series 2016-1) catastrophe bond transaction, which was sponsored by three United Insurance Holdings subsidiaries, was the first 144A cat bond to be structured as a discount note since 2009, according to reinsurance firm Swiss Re.

Pricing has been set for the Laetere Re Ltd. (Series 2016-1) catastrophe bond transaction, which is being sponsored by three United Insurance Holdings subsidiaries seeking a $100m source of fully collateralized reinsurance.

A new catastrophe bond has launched to investors, bringing another new sponsor to market, as three United Insurance Holdings subsidiaries seek at least $100m of fully collateralized reinsurance through a Laetere Re Ltd. (Series 2016-1) issuance.