Tramline Re II Ltd. Series 2014-1

Non-life insurance and reinsurance group Amlin plc appreciates the complementary risk transfer role that the completed today Tramline Re II Ltd. (Series 2014-1) catastrophe bond plays alongside its traditional reinsurance cover.

Non-life insurance and reinsurance group Amlin plc’s latest visit to the ILS market with the Tramline Re II Ltd. (Series 2014-1) catastrophe bond has resulted in pricing set at an extremely low level, below initial guidance and with a multiple below two.

The Tramline Re II Ltd. (Series 2014-1) catastrophe bond, sponsored by non-life insurance and reinsurance group Amlin plc, has upsized while marketing to $200m, while at the same time the price guidance has dropped, both likely a reflection of investor demand.

Non-life insurance and reinsurance group Amlin plc has a new catastrophe bond in the market, with the launch yesterday of Tramline Re II Ltd. (Series 2014-1), as it seeks to renew a soon to mature slice of capital markets cat bond protection.