Ibis Re II Ltd Series 2013-1

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Multi-year & collateralized percentage up in Assurant’s reinsurance

Multi-year traditional and fully-collateralized protection has grown as a percentage of the reinsurance program of U.S. specialty insurance group Assurant, as the insurer seeks to reduce its financial exposure to catastrophic losses caused by severe weather events.For 2015 Assurant shrank its catastrophe reinsurance program, taking on $1.32 billion of protection read the full article →

Catastrophe bonds and collateralized help Assurant expand reinsurance coverage

Catastrophe bonds and collateralized reinsurance are both growing components of the reinsurance program of U.S. specialty insurance group Assurant, helping the insurer both diversify and expand its reinsurance coverage by 20% this year. The recent completion of the insurers $185m Ibis Re II Ltd. (Series 2013-1) cat bond has helped read the full article →

Ibis Re II 2013-1 catastrophe bond receives ratings and lists

U.S. specialty insurance group Assurant has now successfully completed its fourth catastrophe bond with the $185m Ibis Re II Ltd. (Series 2013-1) deal. The completion of the deal has secured Assurant subsidiaries a multi-year source of collateralized U.S. hurricane reinsurance protection.The Ibis Re II 2013-1 cat bond provides three-year, fully-collateralized read the full article →

Ibis Re II catastrophe bond grows slightly prices (mostly) down

The Ibis Re II Ltd. (Series 2013-1) catastrophe bond, the fourth cat bond from U.S. specialty insurer Assurant, has increased slightly in size and the price guidance has dropped on two of the tranches of notes that are being offered. Interestingly the pricing on the lowest risk tranche of notes read the full article →

Further detail on the Ibis Re II 2013-1 catastrophe bond from Assurant

The latest catastrophe bond from U.S. specialty insurer Assurant has now received its preliminary rating and a pre-sale report has been published, which means we have more information on the transaction to share. Ibis Re II Ltd. (Series 2013-1) is Assurant's fourth cat bond to be issued under an Ibis read the full article →

Ibis Re II Ltd. 2013-1 catastrophe bond begins marketing for Assurant

U.S. specialty insurer Assurant is returning to the catastrophe bond market for what will be its fourth issuance under an Ibis Re named issuer, we understand. The transaction, Ibis Re II Ltd. (Series 2013-1) sees Assurant hoping to secure a multi-year source of fully-collateralized U.S. hurricane protection for certain named subsidiary read the full article →