Laetere Re Ltd

The recently completed Laetere Re Ltd. (Series 2016-1) catastrophe bond transaction, which was sponsored by three United Insurance Holdings subsidiaries, was the first 144A cat bond to be structured as a discount note since 2009, according to reinsurance firm Swiss Re.

Property casualty insurance holding company United Insurance Holdings Corp. (also known as UPC Insurance) has released details of its June 1st reinsurance program, which shows that the collateralized reinsurance market played a key role in the firm’s mid-year renewal.

Pricing has been set for the Laetere Re Ltd. (Series 2016-1) catastrophe bond transaction, which is being sponsored by three United Insurance Holdings subsidiaries seeking a $100m source of fully collateralized reinsurance.

A new catastrophe bond has launched to investors, bringing another new sponsor to market, as three United Insurance Holdings subsidiaries seek at least $100m of fully collateralized reinsurance through a Laetere Re Ltd. (Series 2016-1) issuance.