News & Analysis Results

Ibis Re II Ltd. catastrophe bond rated and closes

News 31st January 2012

As we wrote yesterday, the Ibis Re II Ltd. Series 2012-1 catastrophe bond from sponsor Assurant has closed at an upsized $130m. This two tranche cat bond transaction, issued by Cayman Islands domiciled Ibis Re II, will provide sponsor Assurant with three years of U.S. hurricane cover on a per-occurrence, industry loss basis. This is […]

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Further details on the Ibis Re II Ltd. catastrophe bond

News 18th January 2012

More details have emerged on the Ibis Re II Ltd. Series 2012-1 U.S. hurricane catastrophe bond, which is currently being marketed to investors, thanks to Standard & Poor’s preliminary rating report. We wrote about the transaction last week but had minimal details at the time, now much fuller information is publicly available.

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Ibis Re II catastrophe bond closes at $150m

News 2nd May 2010

The second Ibis Re Ltd. catastrophe bond transaction from Assurant Inc. has now closed. The deal upsized significantly (by 50%) to $150m from the initial value of $100m that was marketed. Assurant took advantage of the demand within the marketplace to secure an increased level of cover for itself.

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Ibis Re II Ltd. notes receive rating from S&P

News 22nd April 2010

Standard & Poor’s have assigned preliminary ratings to the two tranches of the Ibis Re II Ltd. catastrophe bond transaction which is being brought to market by Assurant Inc. The series 2010-1 Class A notes have been rated ‘BB’ and the Class B notes have been rated ‘B+’. The transaction is expected to complete in […]

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