cat bond lite

Resilience Re Ltd., the private catastrophe bond issuance platform owned and operated by insurance and reinsurance broker Willis Towers Watson, has completed its first issuance of the new year, with an issuance of $88 million zero coupon Resilience Re Ltd. (Series 1912A) notes.

Yet another private catastrophe bond, or cat bond lite, has been issued through the Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle of German reinsurance firm Hannover Re, a $25 million Seaside Re (Series 2019-42) transaction.

German reinsurance giant Hannover Re has assisted with and issued another private catastrophe bond transaction, or cat bond lite, with the issuance of a $10 million California earthquake risk exposed LI Re (Series 2018-1) deal for an unknown cedent and certain ILS investors.

Four more Seaside Re private catastrophe bonds, or cat bond lites, have been issued with the help of global reinsurance firm Hannover Re, resulting in $60 million of new insurance-linked notes brought to investors through the reinsurers’ Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle.

Global reinsurance firm Hannover Re has successfully assisted a client by facilitating the issuance of two new Seaside Re private catastrophe bonds through its Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle, bringing $27 million of U.S. property catastrophe risks to ILS investors.

The $50 million Seaside Re 2017-3 private catastrophe bond transaction, that was issued by German reinsurance firm Hannover Re’s segregated accounts vehicle, Kaith Re Ltd. on behalf of a client, has had its maturity date extended again as uncertainty over the impact of 2017 losses continues.

Zurich headquartered insurance and reinsurance linked investment fund manager Twelve Capital Management has completed its fifth private catastrophe bond transaction of the year, with an $18.322 million Dodeka XVII transaction that listed in Bermuda yesterday.

There has been a further extension to the maturity date for the $50 million Seaside Re 2017-3 transaction, a private catastrophe bond issued by German reinsurance firm Hannover Re’s segregated accounts vehicle, Kaith Re Ltd., suggesting it remains at-risk of losses from the 2017 hurricanes and catastrophes.

Twelve Capital Management, the Zurich headquartered insurance and reinsurance linked investment fund manager has completed the issuance of its eighteenth private catastrophe bond transaction, with a $9.603 million Dodeka XVI deal.

Another Dodeka private catastrophe bond transaction has been completed by Twelve Capital Management, the Zurich headquartered insurance and reinsurance linked investment fund manager, with a $9.269 million Dodeka XV placed, becoming the seventeenth such ILS deal from the manager to-date.