Private ILS transaction news

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.

Pricing has been more stable in the market for private insurance-linked securities (ILS), such as collateralised reinsurance transactions, than in the liquid catastrophe bond market, according to portfolio managers at Pioneer.

A new private catastrophe bond, or cat bond lite, issuance has been completed and listed in Bermuda using the Artex SAC Limited Note Program II, in the form of $50.227 million of Artex SAC Limited – Series DX Notes.

Twelve Capital, the Zurich headquartered specialist insurance and reinsurance linked investment and ILS fund manager, has completed a $19.5 million Dodeka XI private catastrophe bond issuance, its thirteenth cat bond lite transaction to date.

A new private catastrophe bond issuance has completed and listed in Bermuda using the Artex SAC Limited Note Program. $8.947m of Artex SAC Limited – Series CX Notes were listed on the Bermuda Stock Exchange (BSX) yesterday.

Zurich headquartered specialist insurance and reinsurance linked investment and ILS fund manager Twelve Capital has arranged another private catastrophe bond deal, with the completion and listing of a $21.274m Dodeka X transaction.

Twelve Capital, the specialist insurance and reinsurance linked investment and ILS fund manager, has completed and listed another private catastrophe bond transaction, its second in two days, a $14.55m Dodeka IX transaction.

Another Dodeka private catastrophe bond has been issued for Twelve Capital, the specialist insurance and reinsurance linked investment and ILS fund manager, with the completion and listing in Bermuda of an $11.49m Dodeka V-2016 transaction.

Twelve Capital, the specialist insurance and reinsurance linked investment and ILS fund manager, has completed its latest private catastrophe bond, or cat bond lite, with the issuance and listing of a $23.812m Dodeka VIII cat bond issue.

Investments in private insurance-linked securities (ILS) mechanisms is a growing sub-sector of the overall ILS space, and its attractiveness to third-party investors as a viable asset class is supported by the illiquidity premium offered, according to Sandro Kriesch of Twelve Capital.