Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

News & Analysis Results

Ibis Re II catastrophe bond grows slightly prices (mostly) down

News 21st June 2013

The Ibis Re II Ltd. (Series 2013-1) catastrophe bond, the fourth cat bond from U.S. specialty insurer Assurant, has increased slightly in size and the price guidance has dropped on two of the tranches of notes that are being offered. Interestingly the pricing on the lowest risk tranche of notes has moved up to the […]

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Ibis Re II Ltd. 2013-1 catastrophe bond begins marketing for Assurant

News 14th June 2013

U.S. specialty insurer Assurant is returning to the catastrophe bond market for what will be its fourth issuance under an Ibis Re named issuer, we understand. The transaction, Ibis Re II Ltd. (Series 2013-1) sees Assurant hoping to secure a multi-year source of fully-collateralized U.S. hurricane protection for certain named subsidiary companies.

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Ibis Re II Ltd. catastrophe bond rated and closes

News 31st January 2012

As we wrote yesterday, the Ibis Re II Ltd. Series 2012-1 catastrophe bond from sponsor Assurant has closed at an upsized $130m. This two tranche cat bond transaction, issued by Cayman Islands domiciled Ibis Re II, will provide sponsor Assurant with three years of U.S. hurricane cover on a per-occurrence, industry loss basis. This is […]

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Further details on the Ibis Re II Ltd. catastrophe bond

News 18th January 2012

More details have emerged on the Ibis Re II Ltd. Series 2012-1 U.S. hurricane catastrophe bond, which is currently being marketed to investors, thanks to Standard & Poor’s preliminary rating report. We wrote about the transaction last week but had minimal details at the time, now much fuller information is publicly available.

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Ibis Re II catastrophe bond closes at $150m

News 2nd May 2010

The second Ibis Re Ltd. catastrophe bond transaction from Assurant Inc. has now closed. The deal upsized significantly (by 50%) to $150m from the initial value of $100m that was marketed. Assurant took advantage of the demand within the marketplace to secure an increased level of cover for itself.

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Ibis Re II Ltd. notes receive rating from S&P

News 22nd April 2010

Standard & Poor’s have assigned preliminary ratings to the two tranches of the Ibis Re II Ltd. catastrophe bond transaction which is being brought to market by Assurant Inc. The series 2010-1 Class A notes have been rated ‘BB’ and the Class B notes have been rated ‘B+’. The transaction is expected to complete in […]

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