Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

Euro wind cat bond ‘lite’ in pipeline

2 September 2010

Hot on the tail of a successful first cat bond "lite" securitisation, dedicated ILS fund manager Clariden Leu is working on a repeat transaction, using the European industry loss index PERILS as a trigger.

As reported by Trading Risk last month, Clariden Leu closed a groundbreaking ILS transaction, using the securitisation power of its Swiss bank franchise to transform insurance risk into much-needed investments for its flagship Cat Bond Fund.

The $20mn transaction, which closed in August, transformed a second...

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