Amlin Plc have issued a press statement on the completion of their $150m U.S. hurricane, U.S. earthquake, and European windstorm catastrophe bond, Tramline Re Ltd. The deal completed this week and doubled in size from its initial $75m offering. This is Amlin’s first cat bond and is issued under a program which could see them […]
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The recently completed Tramline Re Ltd. catastrophe bond, which doubled in size at close to secure Amlin $150m of cover, has been approved for listing on the Bermuda Stock Exchange (BSX). The addition of this $150m of cat bond notes to the BSX takes the total volume of cat bonds listed on the exchange to […]
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We understand from a number of contacts that Amlin’s first catastrophe bond transaction, Tramline Re Ltd., has doubled in size by the time it priced to secure them $150m of cover. The Tramline Re cat bond, Amlin’s first through a newly established shelf program, launched two weeks ago and was marketed to provide subsidiary Amlin […]
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Amlin are entering the catastrophe bond market for what we believe is the first time with a multi-peril cat bond which will be sponsored by their Amlin AG subsidiary. The cat bond is being issued through a newly established Bermuda domiciled SPV, Tramline Re Ltd. and comprises $75m of Series 2011-1 notes. Tramline Re has […]
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