LI Re (Series 2017-1)

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.

Share

LI Re (Series 2017-1) – At a glance:

  • Issuer: LI Re (Series 2017-1)
  • Cedent / sponsor: Unknown
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: California earthquake
  • Size: $10m
  • Trigger type: Unknown
  • Ratings: NR
  • Date of issue: Dec 2017

LI Re (Series 2017-1) – Full details:

In this latest LI Re private cat bond, LI Re (Series 2017-1), $10 million of notes ($9.99996 to be precise) have been issued by German reinsurance firm Hannover Re’s segregated accounts vehicle, Kaith Re Ltd., acting on behalf of its segregated account LI Re. The segregated account LI Re 2017-1 private cat bond is due April 10th 2019.

This LI Re private cat bond provides a cedent with collateralized reinsurance protection against losses from California earthquake risks. The underlying transaction will be a one year collateralized reinsurance or industry loss warranty (ILW) deal, as are most common with private cat bonds. Further details of the exact nature of this transaction are unavailable.

The $9.99996m of LI Re Series 2017-1 private cat bond notes have been listed on the Bermuda Stock Exchange (BSX) as Section V – Insurance Related Securities.

———————————————————————
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.

Get our free email newsletters for weekly summaries & reminders of stories you may have missed -->

Free sign up