Private cat bond news

The private catastrophe bond sponsored by Latin American reinsurance firm Terra Brasis Re and underwritten as well as invested in by AlphaCat Managers, the insurance and reinsurance linked investment unit of Validus Group, has been renewed for 2018, in a $5 million Alpha Terra Validus II transaction.

Insurance and reinsurance focused investment manager Twelve Capital said that its latest privately transacted catastrophe bond, the almost $35 million Dodeka XIV deal, that we covered at the time of its listing at the start of the month, features perils not typically accessible in the main cat bond market and so adds diversification to its […]

A third private catastrophe bond transaction has now been issued through German reinsurance firm Hannover Re’s Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle in December, with a $50 million Seaside Re (Series 2018-2) offering, exposed to U.S. property catastrophe risks.

ILS investment fund manager Twelve Capital Management has successfully completed its latest private catastrophe bond under its Dodeka series of securitised reinsurance transactions, with a $33.583 million Dodeka XIV deal that has been issued and listed in Bermuda.

The Artex Risk Solutions owned segregated account reinsurance transformer platform has issued a new private catastrophe bond, with $50.228 million of notes issued in an Artex SAC Limited – Series GX Notes deal.

German reinsurance giant Hannover Re has facilitated another private catastrophe bond transaction, with the issuance of a $10 million LI Re (Series 2017-1) deal that securitises California earthquake reinsurance risk for an unknown cedent and certain ILS investors.

German reinsurance firm Hannover Re has facilitated a second private catastrophe bond this month with the completion of a $27 million Seaside Re (Series 2018-3) transaction, the second series of cat bond notes to be issued through its Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle in recent days.

A new private catastrophe bond transaction has been completed with the assistance of German reinsurance giant Hannover Re. The $20 million Seaside Re (Series 2018-1) private cat bond, or cat bond lite as they are often termed, was issued using Hannover’s Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle.

The Jardine Lloyd Thompson Capital Markets (JLTCM) insurance-linked securities (ILS) structuring and issuance team has successfully placed a second weather risk exposed catastrophe bond for sponsor Allianz Risk Transfer, in a $14.5 million Market Re Ltd. (Series 2017-2) transaction.

In an interview with Artemis, Sarah Demerling and Sherman Taylor of Estera Services (Bermuda) Limited, discussed the cat bond lite sub-sector, its impact on Bermuda, and how the island facilitates the issuance of the smaller, yet growing sub-sector of the global insurance and reinsurance linked securities (ILS) space.