Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

LI Re (Series 2014-2)

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 2014-2) – At a glance:

  • Issuer: LI Re (Series 2014-2)
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: Property catastrophe risk
  • Size: $5m
  • Trigger type: Unknown
  • Ratings: NR
  • Date of issue: Dec 2014

LI Re (Series 2014-2) – Full details:

This private cat bond deal saw Kaith Re, a Bermuda Class 3 insurer and segregated accounts company owned by Hannover Re, on behalf of its segregated cell and bond program 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 as a series 2014-2 tranche of notes.

The underlying reinsurance contract does not cover Hannover Re’s risks, rather this deal sees Hannover Re acting as a risk transformer using its Class 3 insurer and segregated accounts vehicle Kaith Re to offer a cedent a private cat bond facility to effect the deal, between cedent and investor.

The LI Re ILS issuance program and the $5m of Series 2014-2 notes issued have been listed on the Bermuda Stock Exchange.

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.