cat bond lite


$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 →

Terra Brasis Re and AlphaCat cat bond renewed again for 2019

There has been another successful renewal of the private catastrophe bond sponsored by Latin American reinsurance firm Terra Brasis Re, which is underwritten and invested in by AlphaCat Managers, with a $5 million Alpha Terra Validus III transaction issued for 2019.This is now the third issuance of an Alpha Terra read the full article →

Twelve Capital issues $76.8m of new Dodeka private cat bonds

Specialist insurance-linked securities (ILS) and reinsurance investments manager Twelve Capital has successfully completed issuance of $76.8 million of new private catastrophe bonds through its Dodeka series of transactions.The Dodeka private catastrophe bond (or cat bond lite) series of deals are privately arranged and placed insurance-linked securities (ILS) arrangements, which are read the full article →

Hannover Re brings $40m more Seaside Re cat bond lites to market

Hannover Re has continued its prolific level of private catastrophe bond activity around the reinsurance renewals with the completion and issuance of another two Seaside Re cat bond lites amounting to $40 million in the first week of January.Prior to these two new Seaside Re cat bonds, Hannover Re had read the full article →