private insurance-linked securities


Lack of transparency hindered ILS hurricane loss estimation: Report

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.While still uncertain and subject to change, insurance read the full article →

Twelve Capital adds portfolio diversification with latest Dodeka cat bond

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 read the full article →

Twelve Capital completes new $33.583m Dodeka IV private cat bond

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.This $33.583 million Dodeka XIV private catastrophe bond transaction is the fifteenth deal read the full article →

Artex SAC platform issues $50.228m of Series GX private cat bond notes

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 private cat bond transaction has been completed, issued and listed in Bermuda using the Artex SAC read the full article →

Cat bond lite structure accelerated ILS marketplace: Estera

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.Sarah Demerling is read the full article →

New $8.3m private cat bond launched on Artex SAC platform

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.It's only the second of these transactions facilitated by read the full article →

Tokio’s Shima Re issues $70.6m Hotaru 2 private cat bond renewal

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 read the full article →

$9.631m Dodeka XII private cat bond issued for Twelve Capital

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.Insurance-linked securities (ILS) fund manager Twelve read the full article →

Nuclear liability risks ILS deal transacted on a direct insurance basis

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.We’re told that the arrangement featured an ILS investor working directly with owners of nuclear power plants, entering read the full article →

Private ILS deal prices more stable than liquid cat bonds: Pioneer

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.U.S. mutual fund manager Pioneer Investments, which has around $1.7 billion invested in insurance-linked securities and reinsurance linked investments through read the full article →