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Assurant may look to cat bonds and collateralized reinsurance again

U.S. specialty insurance group Assurant has been an end-user of capital markets third-party backed reinsurance capacity for some time, through its catastrophe bonds and use of collateralized coverage. In 2014 Assurant may look to the capital markets again.After its mid-year 2013 reinsurance renewals had been completed Assurant said that catastrophe 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 →

For Assurant catastrophe bonds broaden coverage and access additional capital sources

U.S. specialty insurance company Assurant Inc. has published details of the completion of their property catastrophe reinsurance program for the 2012 renewal year. Assurant placed its traditional catastrophe reinsurance program in two phases, at the January and June renewals, with more than 50 reinsurers. Their catastrophe reinsurance program is supplemented read the full article →

Assurant on the purchase of $130m of reinsurance through Ibis Re II Ltd. cat bond

Specialty insurance company Assurant Inc. have published a press release on the completion of their Ibis Re II Ltd. Series 2012-1 catastrophe bond this week. It's Assurant's third cat bond deal under an Ibis Re SPV. The latest deal which secured Assurant $130m of collateralized reinsurance coverage via a cat read the full article →

Ibis Re II Ltd. catastrophe bond rated and closes

As we wrote yesterday, the Ibis Re II Ltd. Series 2012-1 catastrophe bond from sponsor Assurant has closed at an upsized $130m. This two tranche cat bond transaction, issued by Cayman Islands domiciled Ibis Re II, will provide sponsor Assurant with three years of U.S. hurricane cover on a per-occurrence, read the full article →

Ibis Re II and Kibou catastrophe bonds both likely to upsize before close

Two of the catastrophe bonds which are still being marketed to investors are likely to upsize before close according to sources in the investor community. Demand has been strong for both the latest cat bond from Assurant, Ibis Re II Ltd. Series 2012-1 and the return to the cat bond read the full article →

Further details on the Ibis Re II Ltd. catastrophe bond

More details have emerged on the Ibis Re II Ltd. Series 2012-1 U.S. hurricane catastrophe bond, which is currently being marketed to investors, thanks to Standard & Poor's preliminary rating report. We wrote about the transaction last week but had minimal details at the time, now much fuller information is read the full article →