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Randolph Re private cat bond platform launched by Aon Securities

Randolph Re, a new private catastrophe bond issuance and placement platform has been launched by the capital market's arm of insurance and reinsurance broker Aon.Aon Securities, the insurance-linked securities (ILS) focused arm of the broker, already had the CATStream offering, which was launched in 2014 and designed to streamline the read the full article →

Twelve Capital’s private Dodeka XV cat bond has maturity extended

For the first time (that we've seen) one of the Dodeka series of private catastrophe bonds issued on behalf of specialist insurance and reinsurance linked fund manager Twelve Capital has had its maturity date extended.The $9.269 million Dodeka XV private cat bond was issued for Twelve Capital in June 2018 read the full article →

Cincinnati’s losses get closer to Skyline Re cat bond trigger at end of Q3

Cincinnati Financial Corporation’s aggregated catastrophe and severe weather losses continued to rise through the third-quarter of 2019, with the total after deductibles now reaching reach 79% of the way to the trigger attachment point of its $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond.The Cincinnati Insurance Company, part of read the full article →

Guy Carpenter’s Cerulean Re ILS platform completes $25m private deal

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 transaction, a $25 million Cerulean Re SAC Ltd. (Series 2019-E1) issuance.The Cerulean Re vehicle was established in 2017 by Guy Carpenter’s capital markets read the full article →

$70m Asagao parametric JP quake cat bond issued by Aon’s White Rock

A $70 million parametric Japanese earthquake private insurance-linked securities (ILS) transaction has been issued using Aon Insurance Managers segregated accounts company White Rock.This Asagao transaction has been issued by the Aon owned and operated Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) read the full article →

Cincinnati’s losses reach 74% of Skyline Re cat bond trigger at end of Q2

Cincinnati Financial Corporation’s aggregated catastrophe and severe weather losses over the first-half of 2019 have been sufficiently severe to reach 74% of the way towards the trigger attachment point of its $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond.The Skyline Re catastrophe bond was sponsored in January 2017 by read the full article →

Aon Securities hires Popkin & Miller from JLT Capital Markets in NYC

Aon Securities, the investment banking and insurance-linked securities (ILS) arm of the insurance and reinsurance broking giant, has hired Michael Popkin and Rick Miller in New York, who both join the firm from JLT Capital Markets.Popkin and Miller has built a specialist practice in New York for broking group JLT, read the full article →

Third Resilience Re private cat bond has maturity extended by a year

A third private catastrophe bond transaction issued through the Willis Towers Watson owned Resilience Re Ltd. insurance-linked securities (ILS) issuance platform now has its maturity date extended by a further year, likely to allow for development of potential losses.The $37 million Resilience Re Ltd. (Series 1861A) privately arranged and placed read the full article →

Aon’s White Rock protected cell facility adds seventh domicile with D.C.

Insurance and reinsurance broker Aon has further expanded the reach of the protected cell facilities it offers through Aon Insurance Managers under the White Rock Group branding, adding the District of Columbia, U.S. as a seventh domicile location for the vehicle.Aon Insurance Managers has been steadily growing the usage of read the full article →

Maturity extended for Hannover Re’s $50m Seaside Re 2018-2 private cat bond

A second private catastrophe bond that was issued by German reinsurance firm Hannover Re’s segregated accounts vehicle Kaith Re Ltd. has had its maturity extended.The $50 million Seaside Re (Series 2018-2) private cat bond was issued in January 2018 and provided a year's worth of coverage to an unknown ceding read the full article →