Artex SAC Limited – Series DX Notes

The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.

Share

Artex SAC Limited – Series DX Notes – At a glance:

  • Issuer: Artex SAC Limited – Series DX Notes
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: Unknown
  • Risk modelling / calculation agents etc: Unknown
  • Risks / perils covered: Unknown property catastrophe risks
  • Size: $50.227m
  • Trigger type: Unknown
  • Ratings: NR
  • Date of issue: Jan 2017

Artex SAC Limited – Series DX Notes – Full details:

A new private catastrophe bond issuance has completed and listed in Bermuda using the Artex SAC Limited Note Program II. $50.227 million of Artex SAC Limited – Series DX Notes were listed on the Bermuda Stock Exchange (BSX).

This DX transaction consisting of $50.227 million of notes have been issued by Artex SAC Limited using the ILS Note Program II and a DX Notes segregated account. The notes have been placed with qualified investors and listed on the Bermuda Stock Exchange (BSX) as insurance related securities, with a due date of April 6th 2018.

Typically these private cat bond transactions involve peak property catastrophe reinsurance perils (often U.S.) and feature triggers based either on an industry loss or an indemnity structure basis.

Print Friendly, PDF & Email

« Go back to the Catastrophe Bond Deal Directory

Help us keep this valuable resource up to date. If you have information on a catastrophe bond or insurance-linked security deal we have not covered or can see something that we should change, please contact us to let us know.