Stratosphere Re Ltd

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Stratosphere Re a “logical development” allowing ILS growth: Markel Co-CEO Whitt

The recently issued $100 million Stratosphere Re Ltd. (Series 2020-1) catastrophe bond that provides a source of reinsurance to cover tail risks generated by Nephila Capital’s fronted insurance business is seen as a "logical development" by Markel Co-CEO Richie Whitt, who said the structure will allow his company to continue read the full article →

Nephila’s Stratosphere Re in “rarefied air” as investment grade cat bond

Getting an investment grade rating for a securitization of property catastrophe insurance risks is "rarefied air", something that the recently completed $100 million Stratosphere Re Ltd. (Series 2020-1) cat bond covering tail risks on Nephila Capital's fronted business has achieved. Fitch Ratings assigned the investment grade 'BBBsf' rating to the Stratosphere read the full article →

Stratosphere Re cat bond price drops to cover $100m of Nephila’s tail risk

Issuance of the Stratosphere Re Ltd. (Series 2020-1) catastrophe bond has now been successfully completed without upsizing at $100 million but at the lowest end of pricing, offering an efficient source of tail-risk protection to the largest ILS fund manager in the market Nephila Capital. The Stratosphere Re cat bond, which read the full article →

Stratosphere Re cat bond trigger said at 15%-25% of Nephila’s total assets

The recently launched to investors Stratosphere Re Ltd. (Series 2020-1) catastrophe bond that will provide coverage to the largest ILS fund manager in the market Nephila Capital, could only be triggered by losses causing the manager a roughly 15% to 25% hit to assets. The Stratosphere Re cat bond, which launched read the full article →

Stratosphere Re cat bond launched to cover Nephila’s primary tail risks

A very interesting new insurance-linked securities (ILS) transaction has been launched to investors we're told, in the shape of a $100 million Stratosphere Re Ltd. (Series 2020-1) catastrophe bond that we're told will provide a source of reinsurance to cover certain primary insurance tail risks that were underwritten by and read the full article →