Insight and Intelligence on the London & International Insurance Markets 24 Jan 2018
Cat bond lite issuance hits $1.17bn for 2017
- 2 January 2018
A flurry of deals at the end of last year took total cat bond lite issuance to $1.17bn for 2017, up over 400 percent from 2016's $212.81mn.
Hannover Re's Kaith Re platform issued two cat bond lites in late December, according to the Bermuda Stock Exchange (BSX).
The $27mn Seaside Re 2018-3 is due on 15 January 2019, while the $9.9mn LI Re 2017-1 notes run to 10 April 2019.
The Seaside Re 2018-3 deal followed the $20mn Seaside Re...
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