Swiss Re Insurance-Linked Fund Management

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LI Re (Series 2014-1)

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.


LI Re (Series 2014-1) – At a glance:

  • Issuer: LI Re (Series 2014-1)
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: Property catastrophe risks
  • Size: $10.37m
  • Trigger type: Unknown
  • Ratings: ?
  • Date of issue: Oct 2014

LI Re (Series 2014-1) – Full details:

This private ILS transaction saw Kaith Re a Bermuda Class 3 insurer and segregated accounts company, owned by Hannover Re, on behalf of its segregated cell LI Re, transform a property catastrophe reinsurance contract from an unknown cedent into an insurance-linked security which was sold to a single ILS investor.

The underlying reinsurance contract does not cover Hannover Re’s risks, rather this deal sees Hannover Re utilising the transformation facilities that its Class 3 insurer provides to offer a cedent a private cat bond facility to effect the deal, between the cedent and the investor.

The LI Re ILS issuance program and the $10.37m of Series 2014-1 notes issued have been listed on the Bermuda Stock Exchange.

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