Private ILS transaction news

Zurich headquartered ILS and reinsurance fund manager Twelve Capital has completed its latest cat bond lite transaction with an $18.67 million Dodeka XXII issuance.

Specialist insurance-linked securities (ILS) and reinsurance investment manager Twelve Capital has hired Raffaele Dell’Amore, previously of Schroders and Secquaero, as a portfolio manager for private ILS strategies and funds.

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.

Another private catastrophe bond, or cat bond lite, has been issued in time for the upcoming reinsurance renewal, the first from the Artex Risk Solutions owned segregated account reinsurance transformer platform in a year, a $50.22 million Artex SAC Limited – Series HX Notes transaction.

Zurich headquartered insurance and reinsurance linked investment fund manager Twelve Capital Management has completed its fifth private catastrophe bond transaction of the year, with an $18.322 million Dodeka XVII transaction that listed in Bermuda yesterday.

Twelve Capital Management, the Zurich headquartered insurance and reinsurance linked investment fund manager has completed the issuance of its eighteenth private catastrophe bond transaction, with a $9.603 million Dodeka XVI deal.

Another Dodeka private catastrophe bond transaction has been completed by Twelve Capital Management, the Zurich headquartered insurance and reinsurance linked investment fund manager, with a $9.269 million Dodeka XV placed, becoming the seventeenth such ILS deal from the manager to-date.

Zurich headquartered insurance and reinsurance linked investment fund manager Twelve Capital Management has completed its sixteenth private catastrophe bond transaction in the Dodeka series, with a $23.567 million Dodeka XIII deal which was listed on the stock exchange in Bermuda yesterday.

Two private catastrophe bond transactions that were issued through the Resilience Re Ltd. platform, which is owned by Willis Towers Watson Securities, have had their maturities extended further, likely to allow for loss development to continue.

Private nuclear liability risk insurance-linked securities (ILS) transactions have been expanded and upsized for 2018, Artemis understands, as corporate nuclear power operators show increasing comfort with tapping ILS markets for direct insurance coverage.