clariden leu

The catastrophe bond lite transactions, which were issued by Swiss insurance-linked securities investment manager Clariden Leu to provide more capacity to satisfy the investor inflows they were experiencing, have been recognised with an award. Environmental Finance magazine have awarded the Catastrophe Risk Deal of the Year award to Clariden Leu as recognition of these transactions innovative […]

Clariden Leu have closed another of their ‘cat bond lite’ transactions which see’s them privately arranging an issuance of catastrophe bond notes to investors through an innovative transaction at a time when the cat bond market is not meeting investor demand. They first utilised this cat bond lite structure back in October last year to […]

The recent tornado outbreak in the U.S. has caused significant loss of life, damage and is expected to amount to at least $5 billion (some say as high as $7 billion) in insured losses. Two classes of catastrophe bond notes issued by Residential Reinsurance 2008 Ltd. and Residential Reinsurance 2009 Ltd. have been accumulating aggregate […]

Clariden Leu, one of the leading investment managers targeting catastrophe bond opportunities, has again closed some of its insurance-linked securities and cat bond funds as primary market issuance has failed to deliver enough capacity to keep up with capital inflow. In June 2010 Clariden Leu closed their flagship cat bond funds to new subscriptions citing […]

Most, if not all investment managers catastrophe bond funds have seen declines during March in the wake of the 11th March earthquake and tsunami in Japan. Clariden Leu are no exception and their March managers comment reports show just how big the impact of the disaster has been on cat bond funds.

Clariden Leu closed access to their flagship catastrophe bond funds earlier this year in June. The reason given at the time was that the volume of new issuance in the primary cat bond market was too low to give investors the opportunities the fund was designed for.

A lack of new catastrophe bond issuance causing a subdued primary market has resulted in a lack of new investment opportunities for managers such as Clariden Leu which they say is the reason they issued their recent ‘cat bond lite’ transaction. The novel transaction was developed to create investment capacity for Clariden’s insurance-linked security investment […]

Information is beginning to emerge about a novel transaction undertaken by leading Swiss insurance-linked securities investment company Clariden Leu. We believe the bank has designed this new transaction type in order to create available investment capacity for clients in its cat bond fund.