cat bond lite

Share

Dodeka XVIII private cat bond from Twelve Capital has maturity extended

Another of the Dodeka series of private catastrophe bonds, issued for ILS and reinsurance focused investment manager Twelve Capital, has had its maturity extended, likely to allow for a cedent's catastrophe loss development to continue.The $25.181 million Dodeka XVIII private cat bond was issued in January 2019 and saw ILS read the full article →

GC / MMC to launch Isosceles Re transformer platform for 4(2) private ILS

The use of rented transformer platform structures for insurance-linked securities (ILS) and private catastrophe bond transaction issuance continues to expand and a new Isosceles Re offering from Marsh & McLennan Companies and reinsurance broker Guy Carpenter is set to help make issuance of 4(2) securities more simple.The new Isosceles Re read the full article →

Cat bond lites are growing in number and importance

Cat bond lite issuance surpassed $900 million for the third consecutive year in 2019, as a record-breaking 29 transactions came to market, according to the Artemis Deal Directory.Privately placed catastrophe bond transactions, known as cat bond lites, were first introduced to the market in 2011 and have since grown in read the full article →

Hannover Re adds nearly $75m more Seaside Re cat bond lites

Global reinsurance firm Hannover Re has added another almost $75 million of risk capital to its Seaside Re private catastrophe bond issues for 2020 through another seven transactions, taking the total issued around this January renewal season to $151.5 million.It's around the same amount of risk capital issued using the read the full article →

Hannover Re brings $27m Seaside Re private cat bonds to investors

Hannover Re, the top-four global reinsurance firm, has facilitated issuance of another $27 million of private catastrophe bonds under the Seaside Re program, as it continues to help ceding companies and investors transact ILS deals in securitised note form.Hannover Re plays an important role in the insurance-linked securities (ILS) market, read the full article →

Hannover Re supports $50m Seaside Re 2020-51 private cat bond issuance

Germany headquartered global reinsurance company Hannover Re has brought another private catastrophe bond transaction to market, with a $50 million Seaside Re (Series 2020-51) transaction now completed.The first Seaside Re private cat bond for 2020 comes on the heels of a $10 million LI Re private insurance-linked securities (ILS) transaction read the full article →

Hannover Re cat bond vehicle renews $10m California quake deal

Hannover Re, the German reinsurance company, has facilitated a renewal of a $10 million private catastrophe bond exposed to California earthquake risks, using its Kaith Re segregated accounts vehicle.The $10 million LI Re (Series 2019-1) private cat bond or cat bond lite transaction was completed last week and the issued read the full article →

Loss reserve set up for Twelve Capital’s Dodeka XXI private cat bond

A loss reserve has been established for one of Zurich headquartered ILS and reinsurance fund manager Twelve Capital's private Dodeka catastrophe bonds, after the transaction became exposed to potential losses from recent global catastrophe events.The $17.96 million Dodeka XXI transaction was issued in March 2019, becoming the 24th private insurance-linked read the full article →

Randolph Re private cat bond platform launched by Aon Securities

Randolph Re, a new private catastrophe bond issuance and placement platform has been launched by the capital market's arm of insurance and reinsurance broker Aon.Aon Securities, the insurance-linked securities (ILS) focused arm of the broker, already had the CATStream offering, which was launched in 2014 and designed to streamline the read the full article →

Twelve Capital’s private Dodeka XV cat bond has maturity extended

For the first time (that we've seen) one of the Dodeka series of private catastrophe bonds issued on behalf of specialist insurance and reinsurance linked fund manager Twelve Capital has had its maturity date extended.The $9.269 million Dodeka XV private cat bond was issued for Twelve Capital in June 2018 read the full article →