Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Eclipse Re Ltd. (Series 2021-04A)

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.


Eclipse Re Ltd. (Series 2021-04A) – At a glance:

  • Issuer: Eclipse Re Ltd.
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: Unknown
  • Risk modelling / calculation agents etc: Unknown
  • Risks / perils covered: Unknown property catastrophe risks
  • Size: $55m
  • Trigger type: Unknown
  • Ratings: NR
  • Date of issue: Nov 2021

Eclipse Re Ltd. (Series 2021-04A) – Full details:

This is the eighth privately placed insurance-linked securities (ILS) transaction of 2021 we have listed from private catastrophe bond transformer and issuance platform Eclipse Re Ltd.

For its eighth transaction of 2021, Eclipse Re Ltd. has issued $55 million of Series 2021-04A notes, with the notes having a final maturity date of May 31st 2022.

As ever with these privately placed cat bond deals, we assume the notes represent property catastrophe risk-linked notes, providing an unnamed protection buyer, or fund, with reinsurance or retrocession protection.

The proceeds from the sale of the $55 million of private catastrophe bond notes will have been used as collateral to underpin linked reinsurance or retrocession contracts, and the cash will be held in a trust.

ILS and reinsurance market service provider and facilitator Horseshoe, part of Artex, will have led the issuance as the manager for these Eclipse Re Ltd. transactions, with this special purpose vehicle a key offering to its clients.

The notes have been placed with qualified institutional investors and been admitted to the Bermuda Stock Exchange (BSX) as insurance-related securities for their listings, with Horseshoe also acting as listing sponsor through its Horseshoe Corporate Services Limited unit.

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.