Solidum adds to private cat bond market

Monday, 15. November 2010

Swiss ILS manager Solidum Partners has offered a private cat bond securitisation for sale on the secondary market, creating liquidity for smaller indemnity-triggered transactions, Trading Risk can reveal.

Interdealer broker Towers Watson Capital Markets posted prices on the $4.25mn notes at the end of October, marking the first time a "private-private" transaction has been offered on the secondary market.

Capitalising on the success of its first fully tradable private placement cat bond securitisation, the firm is planning further deals in...

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