collateralized reinsurance note

Australia and New Zealand homeowner and motor insurer Youi is returning to the capital markets for the fourth year in succession, as it seeks a 2018 renewal for its now regular collateralized reinsurance note placement, again with the help of Rewire Holdings and Horseshoe Re, we understand.

Australia and New Zealand focused insurance firm Youi is back looking to access the ILS capacity with its second syndicated collateralized reinsurance note issuance, according to market sources, as it seeks to cement the use of capital markets cover within its reinsurance tower.

Global insurance and reinsurance player ACE Group has secured capital market investor backed catastrophe reinsurance protection, via the syndication and issuance of a collateralized note using the Rewireconnect platform, Artemis can reveal.

A new Australia and New Zealand focused insurer named Youi has tapped the ILS market for protection, thanks to the transformation of a collateralized reinsurance contract into note form, enabling Youi’s risk to be broadly syndicated to ILS investors.