Tranche

Share

Term to describe a specific class of bonds within an offering, usually each tranche offers varying degrees of risk to the investor. Each tranche within the offering can offer a different coupon, expected loss, attachment probablity and exhaustion point. Separate tranches within an offering can also cover different perils (earthquake, hurricane and so on), geographies and utilise differing triggers (indemnity, parametric, industry loss index and so on).

———————————————————————
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