Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Dodeka XII

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.


Dodeka XII – At a glance:

  • Issuer: Dodeka XII
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: U.S. property catastrophe risks
  • Size: $9.631m
  • Trigger type: Industry loss index
  • Ratings: NR
  • Date of issue: Apr 2017

Dodeka XII – Full details:

This $9.631 million Dodeka XII is the fourteenth in the series of private catastrophe bonds from Twelve Capital, as the insurance-linked securities (ILS) fund manager demonstrates its continued commitment to sourcing risk in cat bond form for its investor clients.

Dodeka XII has been issued using the Artex SAC Limited ILS Note Program II vehicle, with Dodeka XII representing a single segregated account that has been transformed into private cat bond form resulting in the issuance of $9.631 million of tradable principal at risk ILS notes.

The $9.631 million of Dodeka XII insurance-linked notes are due on the 22nd December 2017, so likely represent an shorter term reinsurance or retrocession contract, possibly covering U.S. named storm risks as the term is across the U.S. hurricane season.

The $9.631 million of Dodeka XII notes have been admitted to the BSX as Section V Insurance Related Securities with Estera Securities acting as sponsor, and placed with qualified investors.

As with all Dodeka’s so far, we assume that the Dodeka XII cat bond lite sees a transformed industry-loss warranty (ILW) contract, using a PCS industry loss trigger, covering U.S. natural catastrophe perils, issued. However at this time we cannot 100% confirm this.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

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.