The Skyline Re Ltd. (Series 2013-1) private catastrophe bond placement, which we first wrote about back in December here, has been successfully completed. The transaction upsized from the $50m it was initially marketed at to complete at $72m of limit ($61.2m of notes issued). Private cat bond specialist Towers Watson Capital Markets (TWCM) structured, arranged and placed […]
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Towers Watson Capital Markets (TWCM) have announced the completion of a second Oak Leaf Re Ltd. privately placed catastrophe bond on behalf of a Florida homeowner’s specialty insurance company. Last July TWCM arrange an $11.95m private placement of cat bond notes through a Series 2011-1 issuance from the Oak Leaf Re Ltd. special purpose insurer (Bermuda […]
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Towers Watson Capital Markets (TWCM) have named Michael Popkin as their new co-head of insurance-linked securities. In the role Popkin will assist TWCM clients in their strategic risk management needs with insurance-linked securities and industry loss warranties. He will also help in the development and implementation of instruments such as sidecars, catastrophe bonds and life […]
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The trend for private market placement of catastrophe bonds continues as news emerges of a transaction that has just been completed by Towers Watson Capital Markets (TWCM). They have successfully closed an $11.95m private placement of catastrophe bond notes through what we believe is a Bermuda domiciled special purpose insurer Oak Leaf Re Ltd.
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