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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 →

Artex SAC platform in $50.2m Series DX private cat bond

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.As ever, details are scant on this latest private cat bond read the full article →

Twelve Capital completes $19.5m Dodeka XI cat bond lite

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.Twelve Capital has been regularly using the private catastrophe bond, or cat bond lite, in order to read the full article →

Artex SAC platform issues $8.947m Series CX private cat bond notes

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.It's the first private catastrophe bond, or cat bond lite deal, read the full article →

$21.274m Dodeka X cat bond lite completed by Twelve Capital

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.The private catastrophe bond, or cat bond lite, has been used regularly by ILS manager Twelve Capital as it seeks read the full article →