Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Catastrophe bonds, insurance linked securities, reinsurance capital & investment, risk transfer intelligence.
Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Kane SAC Limited – Hereford

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.

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Kane SAC Limited – Hereford – At a glance:

  • Issuer: Kane SAC Limited – Hereford
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: U.S. property catastrophe risks
  • Size: $16.82m
  • Trigger type: Industry loss index
  • Ratings: NA
  • Date of issue: Jan 2015

Kane SAC Limited – Hereford – Full details:

This private cat bond transaction was issued through the Kane SAC Limited Note Program and was listed on the Bermuda Stock Exchange for secondary liquidity or investor mandate purposes.

The Hereford Segregated Account has issued $16.82m of notes to investors to collateralize an underlying property catastrophe reinsurance contract.

The notes provide protection for U.S. property catastrophe risks and are triggered on an industry loss basis.

These notes mature on the 12th January 2016.

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