Swiss Re Insurance-Linked Fund Management

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ibis re ii ltd


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

14th June 2013

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 companies.

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For Assurant catastrophe bonds broaden coverage and access additional capital sources

18th June 2012

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 with the Ibis Re catastrophe […]

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Ibis Re II Ltd. catastrophe bond rated and closes

31st January 2012

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, industry loss basis. This is […]

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Further details on the Ibis Re II Ltd. catastrophe bond

18th January 2012

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 publicly available.

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