private cat bond


$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 →

ILS community has pushed boundaries of the cat bond lite structure

Privately placed catastrophe bond transactions, also known as cat bond lites, have grown both in terms of size and utilisation since their introduction to the market back in 2011, with almost $2 billion of new risk capital issued over the last two years being privately placed.This is according to data read the full article →

Alpha Terra Validus III bond shows ILS established in Latin America

The successful completion of the third private catastrophe bond transaction between AIG owned fund manager AlphaCat Managers, Ltd. and reinsurer Terra Brasis Resseguros S.A. demonstrates that ILS has become established in the Latin American region, the pair said.The two firms successfully completed the third issuance of the $5 million private read the full article →

Terra Brasis Re and AlphaCat cat bond renewed again for 2019

There has been another successful renewal of the private catastrophe bond sponsored by Latin American reinsurance firm Terra Brasis Re, which is underwritten and invested in by AlphaCat Managers, with a $5 million Alpha Terra Validus III transaction issued for 2019.This is now the third issuance of an Alpha Terra read the full article →

Twelve Capital issues $76.8m of new Dodeka private cat bonds

Specialist insurance-linked securities (ILS) and reinsurance investments manager Twelve Capital has successfully completed issuance of $76.8 million of new private catastrophe bonds through its Dodeka series of transactions.The Dodeka private catastrophe bond (or cat bond lite) series of deals are privately arranged and placed insurance-linked securities (ILS) arrangements, which are read the full article →