Resilience Re

Arthur J. Gallagher (AJG) has taken ownership of another private catastrophe bond issuance platform and insurance-linked securities (ILS) transformer vehicle, with the previously Willis Towers Watson owned Resilience Re Ltd. passing across to the company as part of its recently completed acquisition of Willis Re’s treaty reinsurance operations.

The maturity dates for two private catastrophe bonds that were issued through the Willis Towers Watson operated Resilience Re Ltd. platform have been extended by another year, to allow for ongoing development of losses to the subject business.

A third private catastrophe bond transaction issued through the Willis Towers Watson owned Resilience Re Ltd. insurance-linked securities (ILS) issuance platform now has its maturity date extended by a further year, likely to allow for development of potential losses.

Resilience Re Ltd., the private catastrophe bond issuance platform owned and operated by insurance and reinsurance broker Willis Towers Watson, has completed its first issuance of the new year, with an issuance of $88 million zero coupon Resilience Re Ltd. (Series 1912A) notes.

Resilience Re Ltd., the private catastrophe bond issuance platform owned and operated by insurance and reinsurance broker Willis Towers Watson, has completed another new issuance, with the placement of a $37 million Resilience Re Ltd. (Series 1861A) transaction.

The private catastrophe bond issuance platform Resilience Re, which is owned and operated by insurance and reinsurance broker Willis Towers Watson, has issued its latest transaction, a $150 million Resilience Re Ltd. (Series 1841A) zero-coupon deal.

Two private catastrophe bond transactions that were issued through the Resilience Re Ltd. platform, which is owned by Willis Towers Watson Securities, have had their maturities extended further, likely to allow for loss development to continue.

Another private catastrophe bond transaction has been issued using the Willis Towers Watson owned Resilience Re Ltd. platform, a $52.6 million Resilience Re Ltd. (Series 1811A) transaction, that sees collateralized reinsurance being sourced from capital market invetsors for an unknown sponsor.

A new private catastrophe bond has been issued through the Willis Towers Watson owned platform Resilience Re Ltd., in the form of a $60 million Resilience Re Ltd. (Series 1812A) zero coupon arrangement that will be providing an unknown sponsor with collateralized reinsurance protection.

The $63 million Resilience Re Ltd. (Series 1711A) private catastrophe bond transaction has had its maturity extended by six months, which is likely to allow for loss development from 2017 catastrophe events so that the sponsor can establish whether it is able to claim on the reinsurance the notes provide it with.