Oak Leaf Re 2017-1

According to Artemis’ sources, one tranche of the almost $54 million Oak Leaf Re Ltd. (Series 2017-1) catastrophe bond is set to pay out to sponsor Southern Oak Insurance Company, after the insurers losses from hurricane Irma triggered the cat bond.

The seventh and largest of the Oak Leaf Re catastrophe bond deals has just been announced as completed, a $53.995 million Oak Leaf Re Ltd. (Series 2017-1) which has been structured and placed by the Jardine Lloyd Thompson Capital Markets (JLTCM) team, for sponsor Southern Oak Insurance Company.