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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 →

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 →