Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Nelson Re 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.


Nelson Re Ltd. – At a glance:

  • Issuer: Nelson Re Ltd.
  • Cedent / sponsor: Glacier Reinsurance
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: U.S. hurricane, U.S. earthquake, European windstorm
  • Size: $75m
  • Trigger type: Multiple trigger types
  • Ratings: S&P: 'B'
  • Date of issue: Jun 2007
  • news coverage: Articles discussing Nelson Re Ltd. from

Nelson Re Ltd. – Full details:

Nelson Re is a newly formed Cayman Islands exempted insurance company, set up by Glacier Re as the issuer of catastrophe bonds under a $1.5bn catastrophe bonds shelf programme.

The first issuance of the Series 2007-I Notes has been capitalised by raising $75 million in the form of bonds from a group of institutional investors. The bonds have been rated “B” by Standard & Poor’s Rating Services and “b-“ by A.M. Best Company.

Nelson Re has entered into a reinsurance agreement with Glacier Re under which it will provide fully collateralised reinsurance protection.

The reinsurance agreement will initially provide Glacier Re with excess of loss protection for three major perils: US Earthquake, US Windstorm and Europe Windstorm. Glacier Re and Nelson Re may enter into reinsurance agreements covering other perils in the future.

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.