Private ILS transaction news

Analysis by CreditSights questions industry estimates that roughly a quarter of alternative reinsurance capital was exposed to losses from hurricanes Harvey, Irma, and Maria, adding that the majority of capital markets losses have been assumed by structures outside of the catastrophe bond space.

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 […]

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.

The insurance-linked securities (ILS) market responded well to recent intense pressure from third-quarter catastrophe events, and there’s an opportunity for ILS players to take advantage of premium increases of up to 30% or higher, according to insurance and reinsurance linked investment specialist manager, Twelve Capital.

Another new private catastrophe bond, or cat bond lite, transaction has been completed, issued and listed in Bermuda using the Artex SAC Limited ILS Note Program II, in the form of $8.311 million of Artex SAC Limited – Series EX Notes.

Tokio Solution Management Ltd., the collateralized reinsurance and insurance-linked securities (ILS) unit of global reinsurer Tokio Millennium Re AG, has completed a new private cat bond through its Shima Re vehicle, with the issuance of a $70.6 million Hotaru 2 transaction which we believe to be a renewal for the 2015 Hotaru.

Insurance and reinsurance linked investment manager Twelve Capital is back with its fourteenth Dodeka private or cat bond lite transaction, a $9.631 million Dodeka XII deal, as it securitizes another slice of reinsurance risk in order to add liquidity for its catastrophe bond investment mandates.

Artemis understands from sources that a ground breaking insurance-linked security (ILS) transaction has been completed featuring nuclear plant liability risks that were transferred direct to an investor in a private cat bond-like format.

Aon Insurance Managers appears to be readying a new private catastrophe bond and private ILS vehicle in Bermuda, with the listing of an ILS program through its White Rock segregated account transformer vehicle.