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Guy Carpenter’s Cerulean Re ILS platform issues $12.6m of private cat bonds

Cerulean Re SAC Ltd., the private catastrophe bond and insurance-linked securities (ILS) issuance vehicle operated by reinsurance broker Guy Carpenter and Marsh Captive Solutions, has completed another issuance and listed three tranches of Cerulean Re SAC Ltd. (Series 2020-B) notes. The Cerulean Re vehicle was launched in 2017 by Guy Carpenter’s read the full article →

Artex vehicle issues $30m Tenby private cat bond transaction

The Artex Risk Solutions owned segregated account reinsurance transformer platform, Artex SAC Limited, has completed issuance of the first private catastrophe bond seen from the vehicle in 2020, with a $30 million Artex SAC Limited – Tenby Notes transaction. Issuance of this private cat bond, or private insurance-linked securities (ILS) arrangement, read the full article →

Positive cat bond market momentum continues: Q3 2020 Report

The catastrophe bond market saw continued positive momentum throughout the third-quarter of 2020 and despite continued financial market uncertainty and volatility as a result of the Covid-19 pandemic, the result was an above-average quarter of issuance, according to the latest report and data from Artemis. Our latest quarterly report on the read the full article →

GC / MMC’s Isosceles ILS platform in $25m private cat bond issuance

Isosceles Insurance Limited, the transformer and segregated cell structure operated by Marsh & McLennan Companies and reinsurance broker Guy Carpenter to issue privately placed insurance-linked securities or catastrophe bonds has completed issuance of another transaction. This $25 million Isosceles Insurance Ltd. (Series 2020-C1) transaction is the second deal to come to read the full article →

Aon’s Randolph Re platform issues $50.25m private cat bond

A $50.25 million private catastrophe bond transaction has been issued around the July renewal by broker Aon's private catastrophe bond issuance and placement platform Randolph Re. This is the first transaction to have come to light from Aon's Randolph Re platform and likely saw the broker helping a cedent to access read the full article →

First private cat bond issued from GC / MMC’s Isosceles ILS platform

This almost $16.5 million Isosceles Insurance Ltd. (Series 2020-A1) transaction is the first private insurance-linked securities (ILS) arrangement or catastrophe bond from the Marsh & McLennan Companies and reinsurance broker Guy Carpenter operated Isosceles Insurance Limited  transformer and segregated cell structure. Isosceles Insurance Limited has issued a single tranche featuring $16.445 read the full article →

Two Resilience Re private cat bond maturities extended another year

The maturity dates for two private catastrophe bonds that were issued through the Willis Towers Watson operated Resilience Re Ltd. platform have been extended by another year, to allow for ongoing development of losses to the subject business. The private cat bond transactions in question are a $173 million Resilience Re read the full article →

$18.3m Asagao II private cat bond issued by Aon’s White Rock

A new approximately $18.3 million Asagao II Japanese private catastrophe bond transaction has come to market using the Aon Insurance Managers operated segregated accounts company White Rock Insurance SAC. The transaction is the second Asagao private catastrophe bond to be issued using insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 read the full article →

Dodeka XVIII private cat bond from Twelve Capital has maturity extended

Another of the Dodeka series of private catastrophe bonds, issued for ILS and reinsurance focused investment manager Twelve Capital, has had its maturity extended, likely to allow for a cedent's catastrophe loss development to continue. The $25.181 million Dodeka XVIII private cat bond was issued in January 2019 and saw ILS read the full article →

GC / MMC to launch Isosceles Re transformer platform for 4(2) private ILS

The use of rented transformer platform structures for insurance-linked securities (ILS) and private catastrophe bond transaction issuance continues to expand and a new Isosceles Re offering from Marsh & McLennan Companies and reinsurance broker Guy Carpenter is set to help make issuance of 4(2) securities more simple. The new Isosceles Re read the full article →