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GC / MMC’s Isosceles ILS platform in $25m private cat bond issuance

Isosceles Insurance Limited, the transformer and segregated cell structure operated by Marsh & McLennan Companies and reinsurance broker Guy Carpenter to issue privately placed insurance-linked securities or catastrophe bonds has completed issuance of another transaction. This $25 million Isosceles Insurance Ltd. (Series 2020-C1) transaction is the second deal to come to read the full article →

Aon’s Randolph Re platform issues $50.25m private cat bond

A $50.25 million private catastrophe bond transaction has been issued around the July renewal by broker Aon's private catastrophe bond issuance and placement platform Randolph Re. This is the first transaction to have come to light from Aon's Randolph Re platform and likely saw the broker helping a cedent to access read the full article →

First private cat bond issued from GC / MMC’s Isosceles ILS platform

This almost $16.5 million Isosceles Insurance Ltd. (Series 2020-A1) transaction is the first private insurance-linked securities (ILS) arrangement or catastrophe bond from the Marsh & McLennan Companies and reinsurance broker Guy Carpenter operated Isosceles Insurance Limited  transformer and segregated cell structure. Isosceles Insurance Limited has issued a single tranche featuring $16.445 read the full article →

Two Resilience Re private cat bond maturities extended another year

The maturity dates for two private catastrophe bonds that were issued through the Willis Towers Watson operated Resilience Re Ltd. platform have been extended by another year, to allow for ongoing development of losses to the subject business. The private cat bond transactions in question are a $173 million Resilience Re read the full article →

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 →