Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Gold Eagle Capital Ltd.

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.


Gold Eagle Capital Ltd. – At a glance:

  • Issuer: Gold Eagle Capital Ltd.
  • Cedent / sponsor: American Re
  • Placement / structuring agent/s: American Re Securities Corporation, Merrill Lynch & Co., Salomon Smith Barney acted as placement agents.
  • Risk modelling / calculation agents etc: RMS
  • Risks / perils covered: U.S. hurricane, U.S. earthquake
  • Size: $183m
  • Trigger type: Modelled loss
  • Ratings: Moodys: Class A - 'Baa3', Class 2 - 'Ba2'
  • Date of issue: Nov 1999

Gold Eagle Capital Ltd. – Full details:

The securities provide Gold Eagle Capital Ltd. with funds in order to enter into a catastrophe related index swap agreement with American Re Capital Markets. Payments will be determined by the RMS Cat Index.

They provide cover for Eastern or Gulf Coast hurricanes or midwest or California earthquakes.

Deal is structured in three tranches: $50m Class A floating rate modeled index linked notes, $144m Class B floating rate modeled index linked notes and $6m Class B modeled index linked shares.

The risk period runs through March 31st, 2001.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis London 2022 - Insurance-linked securities conference in London

Get a ticket soon to ensure you can attend. Secure your place at the event here!

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.