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.
Transfers the risk of hurricane losses for USAA in 20 states and the District of Columbia.
Covers claims in excess of $1 billion arising from a category 3, 4 or 5 storm on the Saffir-Simpson index in hurricane prone U.S. coastal areas.
Sale of $200 million in bonds to a group of private investors via a private placement. The proceeds of that sale were segregated into a Regulation 114 trust to pay claims.
This cat bond was a one year issuance.
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