cat bond lite


Guy Carpenter’s Cerulean Re ILS platform completes $25m private deal

Cerulean Re SAC Ltd., the private catastrophe bond and insurance-linked securities (ILS) issuance vehicle operated by reinsurance broker Guy Carpenter and Marsh Captive Solutions, has completed another transaction, a $25 million Cerulean Re SAC Ltd. (Series 2019-E1) issuance.The Cerulean Re vehicle was established in 2017 by Guy Carpenter’s capital markets read the full article →

Twelve Capital completes new private cat bond, an $11.36m Dodeka XXIV

ILS fund manager Twelve Capital continues to demonstrate its commitment to sourcing new risk in catastrophe bond form for its growing investment fund strategies, with a new $11.36 million Dodeka XXIV transaction coming to market.The Zurich headquartered insurance-linked securities (ILS) and reinsurance linked investment manager has now issued an impressive read the full article →

Third Resilience Re private cat bond has maturity extended by a year

A third private catastrophe bond transaction issued through the Willis Towers Watson owned Resilience Re Ltd. insurance-linked securities (ILS) issuance platform now has its maturity date extended by a further year, likely to allow for development of potential losses.The $37 million Resilience Re Ltd. (Series 1861A) privately arranged and placed read the full article →

$9.33m Dodeka XXIII private cat bond completed by Twelve Capital

Zurich headquartered insurance-linked securities (ILS) and reinsurance linked investment manager Twelve Capital has now completed its 25th private catastrophe bond deal, bringing a $9.33 million Dodeka XXIII to market.The latest in the Dodeka series of transactions has been issued around the June reinsurance renewal, but appears to be specific to read the full article →

Aon’s White Rock protected cell facility adds seventh domicile with D.C.

Insurance and reinsurance broker Aon has further expanded the reach of the protected cell facilities it offers through Aon Insurance Managers under the White Rock Group branding, adding the District of Columbia, U.S. as a seventh domicile location for the vehicle.Aon Insurance Managers has been steadily growing the usage of read the full article →

Maturity extended for Hannover Re’s $50m Seaside Re 2018-2 private cat bond

A second private catastrophe bond that was issued by German reinsurance firm Hannover Re’s segregated accounts vehicle Kaith Re Ltd. has had its maturity extended.The $50 million Seaside Re (Series 2018-2) private cat bond was issued in January 2018 and provided a year's worth of coverage to an unknown ceding read the full article →

Twelve Capital adds $17.96m Dodeka XXI private cat bond

Another private catastrophe bond arrangement has been completed by Zurich headquartered ILS and reinsurance fund manager Twelve Capital, with a $17.96 million Dodeka XXI transaction.This deal was completed at roughly the same time as the $18.67 million Dodeka XXII issuance that we covered earlier this week.Including the newly revealed Dodeka read the full article →

ILS community has pushed boundaries of the cat bond lite structure

Privately placed catastrophe bond transactions, also known as cat bond lites, have grown both in terms of size and utilisation since their introduction to the market back in 2011, with almost $2 billion of new risk capital issued over the last two years being privately placed.This is according to data read the full article →

Twelve Capital completes $18.67m Dodeka XXII cat bond lite

Zurich headquartered ILS and reinsurance fund manager Twelve Capital has completed its latest cat bond lite transaction with an $18.67 million Dodeka XXII issuance.This is the 23rd private catastrophe bond deal in the Dodeka series of issues from ILS investment fund manager Twelve Capital, who utilises these arrangements to securitise read the full article →

Alpha Terra Validus III bond shows ILS established in Latin America

The successful completion of the third private catastrophe bond transaction between AIG owned fund manager AlphaCat Managers, Ltd. and reinsurer Terra Brasis Resseguros S.A. demonstrates that ILS has become established in the Latin American region, the pair said.The two firms successfully completed the third issuance of the $5 million private read the full article →