Swiss Re Insurance-Linked Fund Management

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News & Analysis Results

Caelus Re 2013-2 cat bond settles and lists on CSX

News 8th April 2013

U.S. mutual insurer Nationwide Mutual’s second catastrophe bond issuance of the year settled on Thursday of last week. The transaction, Caelus Re 2013 Ltd. (Series 2013-2), grew in size by 42% during marketing of the deal to settle at $320m, bringing the total reinsurance protection that the insurer has secured via cat bond sales this […]

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Caelus Re 2013-2 catastrophe bond grows to $320m

News 28th March 2013

The second Caelus Re 2013 catastrophe bond issuance from U.S. insurer Nationwide Mutual has grown in size to $320m before close, according to our sources. The transaction, Caelus Re 2013 Ltd. (Series 2013-2), has been marketed quickly for Nationwide Mutual, having only first come to light a week ago. The transaction is very similar to […]

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Pricing environment tempts Nationwide into another Caelus Re cat bond

News 21st March 2013

U.S. insurer Nationwide Mutual’s Caelus Re 2013-1 catastrophe bond has only just come to market this month yet the insurer is returning to the cat bond market already for a Caelus Re 2013 Ltd. (Series 2013-2) issuance. The recent Caelus Re 2013-1 was extremely well received by investors, which helped it increase in size and the pricing on […]

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Caelus Re 2013 cat bond completes, gets rated, lists on Cayman exchange

News 8th March 2013

U.S. insurer Nationwide Mutual’s latest catastrophe bond, Caelus Re 2013 Ltd., has now completed successfully, received its final rating from Standard & Poor’s and the notes and five-year shelf programme have been admitted for listing on the Cayman Islands Stock Exchange. It’s only the third cat bond or ILS deal we’ve seen complete and have added […]

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Caelus Re 2013 cat bond to upsize, drop in price on investor demand

News 26th February 2013

Reflecting investors high demand for insurance-linked securities, catastrophe bonds and reinsurance-linked investments, the first natural peril catastrophe bond to be broadly marketed this year looks set to increase in size and reduce in pricing as a response. The cat bond, Caelus Re 2013 Ltd., which is being marketed on behalf of sponsor Nationwide Mutual has […]

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The catastrophe bond transactions issued during 2010

News 4th January 2011

Here’s a useful list of all of the catastrophe bonds we have recorded as issued during the year 2010. Each deal is linked to our catastrophe bond deal directory where you can read more details on the transaction structure and cover provided by each cat bond. By our reckoning there were 26 deals issued about […]

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