ibis re ii ltd

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Three new catastrophe bonds begin marketing

The pipeline for new catastrophe bond issuance in 2012 is beginning to look very busy with deals launching in the last week and hoping to complete quickly.We know of three new transactions which are currently being marketed and hear of more which should launch soon, possibly by month end. The read the full article →

Catastrophe bonds broaden coverage for Assurant

Assurant, the U.S. specialty insurer, has announced the completion of their property catastrophe reinsurance program for the year. They finalised their reinsurance arrangements for the 2011 hurricane season at the June renewals and in the announcement give a little insight into how their previously issued catastrophe bonds act as part read the full article →

Ibis Re II catastrophe bond closes at $150m

The second Ibis Re Ltd. catastrophe bond transaction from Assurant Inc. has now closed. The deal upsized significantly (by 50%) to $150m from the initial value of $100m that was marketed. Assurant took advantage of the demand within the marketplace to secure an increased level of cover for itself. The transaction read the full article →

Ibis Re II Ltd. notes receive rating from S&P

Standard & Poor's have assigned preliminary ratings to the two tranches of the Ibis Re II Ltd. catastrophe bond transaction which is being brought to market by Assurant Inc. The series 2010-1 Class A notes have been rated 'BB' and the Class B notes have been rated 'B+'. The transaction is read the full article →

Ibis Re II Ltd. from Assurant adds to the catastrophe bond pipeline

U.S. insurer Assurant Inc. has added to the current catastrophe bond pipeline by beginning to market its second Ibis Re cat bond transaction Ibis Re II Ltd. Marketing to investors began this week and Ibis Re II is expected to close in May. The transaction is said to be worth $100m read the full article →